ADVERTISEMENT

3G Multimedia undertakes HUF 567m streaming music project

Telco

Hungary's 3G Multimedia is undertaking a HUF 567m project to develop a complex multimedia application suite for mobile internet, the technology company told MTI on Wednesday.

Half of the cost of the project is being covered by European Union funding.

3G Multimedia said it completed the two-year development phase of the project, creating a technology for real-time streaming music content among a large number of concurrent users that operates on all of the big smartphone platforms.

Managing director Ferenc Sziklay-Pap said the company solved the problem of wanting to hear all music, anytime, anywhere, easily.

PortfoLion, the venture capital fund of OTP Bank, Hungary's biggest commercial lender, owns a stake in 3G Multimedia.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.