Ringtones specialist MonsterMob today said it was well-placed to cash in on the latest mobile phone trend as it unveiled plans to launch a music player in time for Christmas.

British ringtones specialist MonsterMob today said it had made a good start to the year as it cashed in on the music downloading boom.

UK mobile phone entertainment group Monstermob today signalled a major international expansion with the acquisition of a US rival for up to £17m (€25.3m).