How Nokia’s UK arm is bucking the trend of falling sales October 1, 2024 The UK arm of Nokia has bucked the trend set by its parent company by reporting a rise in both its sales and profit for its latest financial year. The division, which is based near Bristol, has reported a turnover of £448.9m for 2023, up from the £441.2m it posted for 2022. Newly-filed accounts with [...]
Huawei: Chinese firm reduced to a shadow of former size as UK restrictions bite September 25, 2024 Turnover at the UK arm of Chinese telecommunications giant Huawei has been slashed by more than £1bn since 2019 as the impact of UK and US restrictions bite. The London-headquartered business has reported a turnover of £229.56m for 2023, down from the £359m it posted in 2022. The latest figure comes after Huawei’s turnover totalled [...]
Analysts see ‘path to approval’ for Vodafone and Three deal September 13, 2024 Although Britain’s competition watchdog has raised fresh concerns over the proposed £15bn tie-up between Vodafone and Three’s UK operations, analysts have suggested the findings of the latest probe are more positive than expected. In its provisional findings, the Competition and Markets Authority (CMA) flagged potential price increases for millions of mobile customers and warned of [...]
Talktalk agrees £400m lifeline as leadership changes confirmed August 12, 2024 Talktalk has agreed the key terms of a refinancing deal which will hand the telecommunications giant a £400m lifeline, it has been confirmed. The Salford-headquartered company has been in talks with one of its largest shareholders amid warnings it was on the brink of collapse. Its annual report, which was published in July, revealed that [...]
Inside the fight to save Britain’s ‘ugliest’ phone booths June 7, 2024 A campaign to save Britain’s ugliest phone booths highlights the subjectivity of beauty, writes Lucy Kenningham
Currency headwinds wipe a billion off Airtel Africa’s balance sheet May 9, 2024 Airtel Africa has reported robust growth in customer numbers, but profit has struggled.