Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,369.44
    +201.37 (+0.50%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    70,452.99
    +168.77 (+0.24%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,541.64
    +11.04 (+0.72%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Verizon denies it plans to open new app store

A cyber-security expert monitors telecommunications traffic at a network operations center in a Verizon facility in Ashburn, Virginia in this July 15, 2014 file photo. REUTERS/Jonathan Ernst/Files

By Marina Lopes

WASHINGTON (Reuters) - Verizon Communications Inc denied a report on Wednesday it was in talks with carriers and hardware manufacturers to open a new mobile software store.

“We have no plans to do that,” Verizon spokeswoman Debra Lewis said. “Been there. Done that," she added, referring to Verizon's Apps, a mobile software store the company shut down last year.

Lewis spoke after The Information, an industry website, reported that Verizon was leading discussions to launch an industry coalition to create a mobile app store.

Currently, Google Inc gives its distribution partners, including carriers and device manufacturers, 30 percent of revenue from applications sold in its stores. Apple Inc operates differently, offering no share of revenue from the apps sold in its stores.

ADVERTISEMENT

In 2013, customers spent a record $10 billion on Apple's App store. Google does not release revenue figures for its store.

(Additional reporting by Edwin Chan in Los Angeles. Editing by Andre Grenon and Tom Brown)