Exclusive: HMRC files winding up petition against Lycamobile UK Legal The UK tax authority has hit mobile network operator Lycamobile with a winding up petition, in the latest hurdles the company faces
Competition watchdog clears £31bn O2-Virgin Media merger Competition watchdog clears £31bn O2-Virgin Media merger The competition watchdog has provisionally cleared the £31bn merger between O2 and Virgin Media following an in-depth investigation. The Competition and Markets Authority (CMA) launched a probe into the tie-up amid concerns it would harm competition in the wholesale market. Virgin Media provides leased lines to mobile operators such as Vodafone and Three, while O2’s [...]
O2 and Virgin Media confirm merger to create £31bn telecoms player O2 and Virgin Media have confirmed a merger to form a multi-play broadband giant that would be valued at a combined total of £31.4bn. The pair pledged to invest £10bn into the UK over the next five years while saving £6.2bn through combined synergies, or £540m a year five years after the merger completes. But [...]
O2 revenue rises for third year running as it beefs up customer base February 20, 2020 O2 has posted its third consecutive year of revenue and profit growth as the mobile network continued to expand its customer numbers. Revenue rose 3.8 per cent to hit £6.2bn in the year to the end of December, while operating income was up 2.3 per cent to £1.9bn. The growth was driven by a continued [...]
O2 steps into 5G driverless car testing in London as it grows mobile customer base November 5, 2019 O2 will have a hand in an ambitious project to trial driverless cars on London roads, using its 5G network to help test the vehicles in Greenwich. The mobile phone network, which this morning announced it had hit 34m customers following its 5G rollout last month, said using the technology on the roads could reduce [...]
O2 will launch 5G network in London and five other cities in October 2019 July 25, 2019 O2 has revealed it will switch on its 5G network from October, aiming to go live in 20 towns and cities by the end of the year, including London, Leeds, Edinburgh and Cardiff. Belfast and Slough will also get 5G first in O2’s first wave of launches, as it races to bring that number to [...]
O2 restores 3G and 4G services after Ericsson software issue led to day-long data outage for 32m customers December 7, 2018 O2's network has been fully restored after a data outage affecting up to 32m customers lasted the entirety of Thursday. Problems were first reported at around 5.30am yesterday, with O2 customers saying they could not use 3G or 4G data. The error also took down Giffgaff, Sky's mobile services, Lycamobile and Tesco Mobile, which all rely on [...]
Philip Hammond grilled by Labour MPs Wes Streeting and John Mann over Lycamobile in explosive Treasury committee hearing April 25, 2018 The UK is “in the foothills of discussions” about financial services being included in the final Brexit deal – but the chancellor did not commit to it being included in October’s agreement. Speaking at the Treasury Select Committee this afternoon, Philip Hammond said he was “ambitious to make progress” – but he declined to comment [...]
Lycamobile’s chairman Subaskaran Allirajah: Meet the philanthropist behind the multi-million pound business April 3, 2017 He cooks for everyone and we stand around the breakfast bar and chat. Some of the most important decisions the company has taken have been over meals he’s made.” This is one of Lycamobile’s leadership team, and he’s talking about his boss, founder and chairman Subaskaran Allirajah. Lycamobile is a mobile virtual network operator, providing [...]
Electoral Commission data: Here’s how much money donors have given to political parties and politicians in 2015 October 20, 2015 The amount of money donated to both political parties and politicians since the General Election has – as you might expect – dropped substantially. But now new data from the Electoral Commission shows that with the London mayoral elections and Labour leadership contest, the amount received by political parties and regulated donees between 8 May [...]