BT scraps dividend as Covid-19 and full-fibre rollout hit profit May 7, 2020 BT today scrapped its dividend as the coronavirus crisis and full-fibre broadband costs weighed on profit. The telecoms giant said it had taken the “exceptionally difficult” decision to suspend the payout until 2022, when it will be reduced 50 per cent to 7.7p per share. It came as BT posted a two per cent dip [...]
Barclaycard signs concert sponsorship deal with Global May 6, 2020 Barclaycard has inked a three-year deal with Global to sponsor its flagship pop concerts as the companies turn their focus to live events after the coronavirus lockdown. The partnership includes headline sponsorship of the Capital Summertime Ball and Jingle Bell Ball — the first time the two events have been sponsored together. The Summertime Ball [...]
O2-Virgin Media merger: The deal makes sense, but could rival bids crash the party? May 4, 2020 It’s a busy time for the telecoms industry, which has been forced into overdrive as millions of people turn to mobile and broadband services during the coronavirus lockdown. So it may seem like an unlikely time to embark on a mega-merger, but this is exactly what O2 and Virgin Media are looking to do. Parent [...]
Telefonica confirms talks to merge O2 with Virgin Media May 4, 2020 O2’s Spanish parent company has confirmed reports that it is in discussions with Liberty Global over a potential merger with Virgin Media. Telefonica this morning said it has just begun talks with Virgin Media owner Liberty, which is led by telecoms billionaire John Malone, over a tie-up between the British mobile operator and cable company. [...]
Virgin Media and O2 owners in talks over tie-up May 3, 2020 Spanish telecoms giant Telefonica is in talks with Liberty Global about a merger of its mobile business O2 with Liberty’s Virgin Media cable company. A combination of O2 and Virgin Media would reshape the UK’s telecoms industry, leaving Three and Vodafone stranded without their own fixed-line consumer networks. Telefonica has been examining options for the [...]
How industries can fight the Fake Elon Musk and Celebrity Crypto Scams April 28, 2020 The realism, scale and sophistication of scammers around the world using tech industry celebrities such as Bill Gates and Elon Musk continues to increase. This is especially visible around the case of Musk iit’s extended past the twitter “Crypto Giveaways” using images and fake accounts. It has gone so far to having live stream videos [...]
Former BT chairman Mike Rake joins Huawei UK board April 14, 2020 Sir Mike Rake, former BT chairman and president of the Confederation of British Industry (CBI), has joined the UK board of controversial Chinese tech giant Huawei. The City stalwart has served as an adviser to Huawei since January 2019, helping the firm to fend off attacks from critics over national security concerns. The government has [...]
BT gives staff pay rise as chief executive donates salary April 6, 2020 BT has handed out a share bonus to all staff and pledged not to cut jobs during the coronavirus crisis as the telecoms giant faces a surge in demand for its services. Each of BT’s 100,000 employees will be awarded £500 in shares in June, while thousands of non-managerial staff will be given a 1.5 [...]
Advertising giant Clear Channel sells Chinese business for $250m March 31, 2020 Clear Channel today said it has sold its business in China for $253m (£205m) as it pulled its guidance and announced a raft of cost-cutting plans to combat the coronavirus crisis. The outdoor advertising group said it will sell its 51 per cent stake in subsidiary Clear Media to Ever Harmonic — a consortium of [...]
Broadband firms to remove data caps during coronavirus crisis March 29, 2020 All UK broadband firms have agreed to remove data allowance caps during the coronavirus crisis under a new deal struck with the government. Internet service providers and mobile operators including BT/EE, Openreach, Virgin Media, Sky, O2 and Vodafone have agreed to a number of measures, effective immediately, designed to ensure all Brits have access to [...]