EU warns of cyber risks from state-backed 5G suppliers October 9, 2019 The EU has warned of increased cybersecurity attacks from state-backed 5G suppliers in an apparent toughening of rhetoric against Chinese tech firm Huawei. In a report published today, member states said it was crucial to assess the risks posed by firms with a large market share in the bloc. Read more: US looks to fund [...]
Britain would now vote to stay in the EU, mega-poll reveals October 9, 2019 The tide of public opinion has now turned against Brexit and Brits would now vote to stay in the EU, according to a new poll-of-polls. Analysis of 300 surveys by market research firm Yougov has revealed that public support for Brexit waned a year after the 2016 referendum, and the majority of Brits have supported [...]
Checkout.com expands to new London headquarters as revenue surges October 9, 2019 Online payments startup Checkout.com is set to hire 100 members of staff and relocate to new Old Street offices as it unveiled a sharp rise in revenue for the year. The British fintech unicorn will triple its office space with a new 63,000 square feet location near the capital’s Silicon Valley roundabout, having outgrown its [...]
OECD targets tech giants as it shakes up global tax rules October 9, 2019 Multinational tech giants will face a crackdown on their corporate tax bills under new rules outlined by the Organisation for Economic Cooperation and Development (OECD). Tech titans such as Google, Facebook and Amazon have been accused of dodging taxes by booking their profit in low-tax countries such as Ireland, despite serving customers across the world. [...]
Vodafone to shut 1,000 stores across Europe amid rise in online shopping October 8, 2019 Vodafone will close more than 1,000 of its stores across Europe and overhaul some of its remaining outlets as it looks to adapt to declining footfall on the high street. Read more: IBM and Vodafone’s $550m joint venture secures first deal Group chief executive Nick Read today said the telecoms firm will shut 15 per [...]
Why piracy means the sports broadcasting rights bubble is ‘about to burst’ October 8, 2019 The value of sports broadcast rights is on the verge of collapse due to rampant piracy, the head of the world’s largest investor in managed rights has warned. Yousef Al-Obaidly, chief executive of Qatari media network beIN, said the “glorious media rights bubble” was set to burst due to the large-scale piracy of sports competitions [...]
US looks to fund Huawei’s rivals amid concerns over Chinese dominance October 8, 2019 The US government is said to be looking for ways to pump money into Huawei’s European rivals amid concerns about the Chinese firm’s dominance in the race to roll out 5G. Officials have explored ways of issuing credit to Nokia and Ericsson to enable them to match the generous financing terms that Huawei offers its [...]
Cellnex snaps up Arqiva’s telecoms division in £2bn deal October 8, 2019 Spanish infrastructure firm Cellnex has agreed to buy the telecoms division of British rival Arqiva for £2bn, making it the largest independent operator of mobile masts in the UK. The deal will add roughly 7,400 sites to Cellnex’s portfolio, as well as the rights to market roughly 900 additional sites across the UK serving all [...]
BT scores sponsorship deal with home nations football teams October 8, 2019 BT has signed a five-year deal to sponsor all four home nations teams as it bolsters its marketing ties with English football. The telecoms giant has netted a series of deals to become the exclusive lead partner of all four teams until 2024, while its newly-revamped logo will appear on the teams’ training kits from [...]
Sorrell’s S4 Capital buys Silicon Valley agency Firewood for $150m as digital drive deepens October 8, 2019 Sir Martin Sorrell’s S4 Capital has bought digital marketing agency Firewood for $150m (£122.5m) as the ad veteran gears up for a further wave of acquisitions amid an aggressive growth strategy. Firewood, which is Silicon Valley’s largest independent agency, will merge with S4’s digital content division Mediamonks. Read more: S4 Capital sees earnings slip amid [...]