Holiday Wire: VC Money in Mobile VAS; Tinselvision; Saavn

We’re closed for the rest of the year, hence running on headlines until Jan 2:

Value-added services attract VCs to telcos: In India, of a clutch of 30 or 40 VCs firms, at least 10 to 12 are active in the Internet and mobile VAS space, with total investments projected to double to $500 million in 2007-08 from $250 million in 2006-07.

Tinsel Cinema Brings Bollywood Abroad on Demand: For now, customers watch their purchases on their computers. But next year, the company plans to sell a set-top box that delivers content to TVs. It also plans to make content available on mobile phones and game consoles.

US firm promises more Bollywood fare in 2008: Starting next year, Boost Mobile, the youth-targeted MVNO in U.S., will offer Bollywood ringtones directly on its mobile phones,

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