The Cloud wi-fi network is target for Sky January 25, 2011 SKY is on the brink of snapping up wi-fi hotspot provider The Cloud in a deal analysts say could be worth around £100m. Sky is desperate to compete with rival BT, which offers its subscribers free access to its Openzone wireless network covering most of the country. The Cloud has around 22,000 hotspots across the [...]
WHAT THE TWO SIDES SAY January 25, 2011 Sky “Ofcom’s analysis is deficient. The deal will have minimal impact on consumers and would not enhance News Corporation’s ability to influence the news” “News Corp alleges that Ofcom did not have an open mind when considering the issue of plurality. This allegation is without foundation.” TIME LINE | TWISTS AND TURNS OF THE BID [...]
Facebook to launch first mobile phone January 25, 2011 HTC will unveil two new Facebook branded mobile phones next month, City A.M. has learned. The Taiwanese manufacturer will launch an official tie-up with Mark Zuckerberg’s $50bn (£31.6bn) social network at the Mobile World Congress event in Barcelona. The high-end smartphones will be the first to bear the Facebook branding and colours. It could look [...]
Yahoo profits up on cost cuts January 25, 2011 YAHOO more than doubled its fourth-quarter earnings year-on-year yesterday following cost-cutting measures, but revenues fell as it struggled to make online advertising pay. The search firm made net fourth-quarter income of $312m (£197.3m) or 24 cents a share, up from $153m, or 11 cents a share, in the same period the previous year, it reported [...]
West Ham could sue over stadium ruling, say lawyers January 25, 2011 WEST HAM would have a strong argument for seeking a judicial review and could even claim damages if they lose out to Tottenham in the battle for the Olympic Stadium, legal experts have told City A.M. The Hammers could argue for a review on the grounds that such a decision would be unfair, say lawyers, [...]
Misys says it is on track to meet full-year targets January 25, 2011 SOFTWARE firm Misys said yesterday it saw a gradual return to growth in banking, helped by demand for its new Bankfusion platform and the closing of delayed deals that kept revenue flat in the first half. Chief executive Mike Lawrie said 13 customers had bought Bankfusion in the six months to November, taking the total [...]
WILL YOU BUY THE NEW FACEBOOK PHONE? January 25, 2011 TRISTAN SWINDELLS | RFIB GROUP “No I don’t think so, I’m happy with my current phone. I could see the appeal for younger people. It might be a success with them, but not for my generation.” MARTIN MALONEY | MG CAPITAL “I’m not too sure actually, I’d have to see how it goes and see [...]
Legacy boss: ‘Noise’ won’t influence us January 25, 2011 LEGACY chiefs insist they will not be pressured into any decisions over who takes over the numerous Olympic venues after the London 2012 Games. Debate has raged over whether West Ham or Tottenham should move into the stadium, with some of the most powerful men in the sports world fanning the flames. Today bidders are [...]
TECH NEWS | IN BRIEF January 25, 2011 Psion hit by forex losses Psion forecast a normalised operating loss for the full-year, hurt by forex losses, but said it remained confident of strong growth in 2011. Shares of the company fell five per cent in trading yesterday. The provider of mobile computing services expects a normalised operating loss of £1.5m to £2.5m for [...]
Wenger: Arsenal are ready to deliver January 25, 2011 ARSENAL 3 vs IPSWICH 0 Arsenal win 3-1 on aggregate ARSENAL manager Arsene Wenger has told his players that an end to their six-year trophy drought is theirs for the taking after they swept Ipswich aside to reach the Carling Cup final. A superb strike from Nicklas Bendtner, a Laurent Koscielny header and a breakaway [...]
