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Hutchison Whampoa's mobile handset subsidiary INQ Mobile plans to follow up its 'Facebook phone' with launch of a 'Twitter phone' later this year, according to a Reuters report.

CCS Insight claims that the UK’s "obsession" with Facebook and Twitter is helping mobile Internet use to grow at a phenomenal rate.

Hutchison Whampoa's mobile handset subsidiary INQ Mobile today unveiled two new low-cost devices, both of which incorporate Twitter and are aimed at bringing mobile social networking to the mass market. The INQ Chat 3G is the company's first Qwerty phone and includes free push Gmail.

Spotify, the digital music service, is close to securing US$50 million in funding from a group of backers including Facebook investor Li Ka-shing, reports The Guardian.

Social network Facebook is preparing a stripped-down version of its service intended for deployment in countries around the world where bandwidth is limited, reports The Guardian

Orange UK has launched a new tool called Social Life, which aggregates Facebook, MySpace and Bebo on a single homescreen, allowing users to interact with all three social networks.

Nokia has used its annual 'Nokia World' conference in Germany this week to announce a series of new APIs for its range of Ovi Internet services and a beta version of the Ovi Software Developer Kit (SDK).