Delays to 5G rollout to cost country tens of billions, report finds October 1, 2020 Delays to the rollout of 5G could cost the country tens of billions of pounds in lost economic output, a new report has found. According to the Centre for Policy Studies (CPS), steps to speed up the rollout could provide the UK GDP with an extra £41bn over the next seven years. However, if delays [...]
BT taps Nokia to replace Huawei in 5G networks September 29, 2020 BT has chosen Nokia to supply its 5G radio equipment in a deal that will make the Finnish firm the telecoms giant’s largest infrastructure partner. The deal, which marks a major win for new Nokia boss Pekka Lundmark, comes just months after the UK said it would ban Chinese firm Huawei from its 5G networks. [...]
Boris Johnson’s gigabit broadband target will be ‘missed by years’, warns BT boss September 27, 2020 Boris Johnson’s target for delivering gigabit broadband across the UK will be missed by eight years without £9bn worth of tax and red tape cuts, BT has warned ministers. BT claims the industry is on course to deliver gigabit speeds across the nation by 2033, significantly later than Johnson’s election pledge of full coverage by [...]
Former BT boss tapped to lead search for Huawei replacement September 23, 2020 Former BT chief executive and trade minister Lord Ian Livingston has been tapped to find alternative telecoms providers to replace Huawei equipment in the UK’s 5G networks. Livingston has been named as chair of a new government task force that will seek to diversify the country’s telecoms supply chain and reduce reliance on high-risk vendors. [...]
Tech testing firm Calnex plots £42m London listing as it cashes in on 5G September 21, 2020 Telecoms testing firm Calnex today said it is aiming to raise £22.5m through a London initial public offering (IPO) as it looks to capitalise on the rollout of 5G. The Scottish tech firm said the Aim listing, planned for early October, will value the company at £42m. Calnex specialises in test equipment for telecoms networks, [...]
FTSE 100 and US stocks climb as investors regain poise September 9, 2020 The FTSE 100 and US stocks have risen after a bloodbath on global markets yesterday saw big tech names plunge. London’s blue-chip index rose 1.3 per cent to 6,009 points in afternoon trading. The FTSE 250 – the 100’s little brother – fell 0.2 per cent, however. Read more: Tesla shares set for worst day [...]
Adobe rival Figma sets up international base in London September 7, 2020 Silicon Valley software starlet Figma has selected London as the site of its new international headquarters, opting to go ahead with the move despite the increase in remote working. London will be Figma’s new base for the Europe, Middle East and Africa (EMEA) region, currently playing host to a staff of 14 working from home. [...]
Exclusive: Sky to open first retail stores as it takes on high street rivals August 28, 2020 Sky is set to open its first ever brick-and-mortar retail stores in the UK as the broadcaster and telecoms giant defies faltering footfall to turn up the heat on its rivals. The media group is poised to open its first outlets in the coming months, providing a physical point of sale for its mobile, TV [...]
FTSE 100 and US stocks soar on coronavirus treatment hopes August 24, 2020 The FTSE 100 jumped and US stocks hit fresh highs after the US authorised a new coronavirus treatment, lifting the mood among global investors. London’s blue-chip index rose 1.7 per cent to close at 6,104 points. The FTSE 250 index of mid-cap firms rose 0.6 per cent. Read more: Asian stocks climb after Wall Street [...]
BT shares jump as it ramps up defences against potential takeover August 24, 2020 Shares in BT jumped this morning following reports that the telecoms giant has ramped up its defences against a potential £15bn takeover. BT’s share price increased more than five per cent this morning after the firm took steps to strengthen its defences after its stock slumped to the lowest level in a decade. Sky News [...]