Vodafone has made its first mobile internet acquisition, paying €31.5m ($49m, £25m) in cash for Zyb, a private Danish company offering social networking and contacts management technology.
Zyb allows mobile phone users to back up their contacts to a web portal, as well as providing instant messaging services and calendar-sharing with friends online. The service has yet to generate revenues, but could become a platform for mobile advertising.

M&A 

