4G bidding war starts as Ofcom opens auction January 23, 2013 BIDDING for the UK’s 4G mobile airwaves kicked off yesterday, with communications watchdog Ofcom hosting an auction that is expected to hand George Osborne a multi-billion pound windfall. Seven parties are now vying for a slice of spectrum that will enable them to deliver the next generation of mobile internet, promising speeds around 10 times [...]
Rio Tinto drags FTSE 100 down January 17, 2013 Mining giant Rio Tinto weighed heavily on the FTSE 100 this morning, trading down around 3.5 per cent. This morning it said chief executive Tom Albanese would step down following a $14bn impairment charge relating to several acquisitions. Charles Gibson, head of mining at Edison Investment Research, said this morning: “When a company writes off [...]
What the other papers say this morning January 15, 2013 FINANCIAL TIMES Spain asks Germany to boost growth Mariano Rajoy has called on Germany and other creditor countries in the Eurozone to do more to stimulate growth, arguing that a switch to a more expansionary policy would boost economic recovery across the single currency area. “I think that in this moment, when there is a [...]
Burberry tops FTSE 100 January 15, 2013 The leading share index was modestly higher in early deals, as Burberry was the star performer following an upbeat trading statement. The British luxury brand soared 5.2 per cent on the FTSE 100 this morning, as investors were cheered by its latest trading statement. Revenue over the third quarter jumped nine per cent, thanks to [...]
BT app targets mobile calls January 14, 2013 BT has launched a challenge to mobile phone operators, launching a smartphone service that allows phone calls over the internet. SmartTalk, which the telecoms firm announced yesterday, allows BT customers to make calls which are then charged to their landline account, as if the calls were from a home phone. But the launch of the [...]
Rapid responses January 7, 2013 Broadband policy [Re: Think tank slams plan to splash out on UK broadband arms race, yesterday] This is an essential look at the UK’s costly and ineffective broadband policies. But it fails to recommend immediate policy changes that would result in much-needed, competition for fixed line and mobile internet access. Allowing wholesale internet service providers [...]
City Moves for 7 January 2013 | Who’s switching jobs January 7, 2013 SJ Berwin The law firm has announced the appointment of Steven Fogel to its partnership board and as a non-executive director. He was previously senior partner of Titmuss Sainer, and led the law firm in its merger with Dechert. Fogel then served as managing partner of Dechert’s London office before retiring in June 2012. He [...]
Seven bidders face off for 4G mobile auction December 20, 2012 SEVEN firms are bidding in an auction of the UK’s 4G airwaves that will allow them to run significantly faster mobile internet services while boosting the government’s coffers. Ofcom yesterday announced the participants for January’s auction. The UK’s four mobile operators – EE, O2, Vodafone and Three – are expected to grab the lion’s share [...]
Ofcom names seven 4G auction bidders December 20, 2012 Regulator Ofcom this morning announced that seven telecoms companies had qualified to bid in the forthcoming 4G mobile airwaves auction. Mobile network operators Everything Everywhere, Three, 02 owner Telefonica, Vodafone and fixed lines provider BT are among the bidders, Ofcom said. Bidders, who will be competing to acquire new capacity to roll out superfast 4G [...]
Sunset+Vine scores BT contract December 19, 2012 ■ BT yesterday awarded a deal to produce its forthcoming sports channel to broadcaster Sunset+Vine, which produced Channel 4’s Paralympic coverage. Sunset+Vine will handle BT’s sports coverage, including Premier League football, from next season.