Virgin Media slapped with £24m Ofcom fine Regulation Ofcom has dished out its biggest fine of the year after accusing telecoms giant Virgin Media of failing to protect vulnerable customers. The media regulator has hit Virgin Media with a £23.8m fine over its treatment of customers during a planned transition from analogue to digital landlines. Virgin Media notified Ofcom over incidents connected with [...]
BT bets on budget provider amid broadband customer losses Tech BT has lost more broadband customers than expected, a sign that even its £15bn fibre rollout is struggling to retain customers from drifting to cheaper rivals. Openreach, BT’s network arm, reported a net loss of 242,000 broadband lines in the second quarter of its financial year, worse than the 205,000 analysts had pencilled in. The [...]
TalkTalk to cut more jobs in ‘necessary’ move telecoms TalkTalk has announced it is looking to cut up to 100 jobs in its consumer business in a move it has described as “necessary”. The company, which has bases in Salford and London, said the move forms part of its bid to ‘returning to its challenger roots’ to become more ‘focused, agile, and dynamic’. A [...]
Tesco Mobile returns to profit thanks to Samsung Galaxy September 9, 2025 Tesco Mobile returned to profit thanks to Brits’ demand for premiums handsets such as the Samsung Galaxy S24 series, it has been revealed. The provider, which is a joint venture between the supermarket giant and Virgin Media 02, has posted a pre-tax profit of £1.2m for 2024, new accounts filed with Companies House show. The [...]
Huawei issues UK sales warning as restrictions hit hard August 7, 2025 The UK arm of Chinese telecommunications giant Huawei has issued a warning over its future sales as restrictions on its activities continue to have a major impact. The Reading-headquartered business has said its turnover in 2025 will continue on the downward trajectory it has been on since 2019 but that the company will remain profitable. [...]
TalkTalk: Huge losses revealed amid job cuts and fleeing customers August 6, 2025 The full extent of TalkTalk’s financial woes have been revealed for the first time amid sky-rocketing losses and huge job losses as customers move to other broadband providers. New accounts for the Salford-headquartered group filed with Companies House have revealed its pre-tax losses surged from £153m to £465m in the year to 28 February, 2025. [...]
Vodafone completes £15bn Three mega-merger with major pledge June 2, 2025 FTSE 100 giant Vodafone has vowed to invest as much as £1.3bn in network infrastructure over the next 12 months after completing its blockbuster £15bn merger with British rival Three. The capex commitment is part of a pledge to invest £11bn over the next decade by the combined entity, which will be called VodafoneThree and [...]
BT ups dividend as firm refocuses on the UK May 22, 2025 BT has upped its dividend to shareholders as the telecoms giant reported a rise in profits. The FTSE 100 company has declared a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, an increase of two per cent on the previous year. The firm’s policy is to at least maintain or increase [...]
Vodafone swings to loss after €4.5bn impairment blow May 20, 2025 Vodafone has swung to a loss after recording a €4.5bn (£3.8bn) impairment hit amid the continued poor performance of its German business. The telecoms giant posted a pre-tax loss of €1.4bn for the year to end March, compared to a profit of €1.6bn the previous year. Vodafone said the impairment charges “reflect management’s latest assessment [...]
Virgin Media O2 to create £1.4bn giant in mega deal May 12, 2025 Virgin Media O2 has announced plans to create a new communications and IT giant which is expected to turn over around £1.4bn. The move will see Virgin Media O2 and Daisy Group combine their direct B2B (business to business) operations. Virgin Media O2 is to own 70 per cent of the new entity, with Lancashire-headquartered [...]