Ofcom gets the green light for new Openreach broadband regulation June 28, 2019 Ofcom has been given the green light to develop new regulation that will give telecoms firms more access to Openreach’s network in a bid to speed up the rollout of full-fibre broadband. The regulator today said it has received approval from the European Commission to press ahead with its scheme, which is designed to boost [...]
Orange raises £486m from sale of stake in BT June 28, 2019 French telecoms firm Orange today said it has raised £486m from the sale of its remaining 2.5 per cent stake in BT. Read more: BT in talks with ITV over Britbox investment BT snapped up roughly 41m of Orange’s 248m shares, which were put up for sale last night in a private placement. Shares in [...]
MLB London Series: Baseball sending big-hitters Boston Red Sox and New York Yankees to woo UK audience June 23, 2019 Almost 70 years after Glasgow-born Bobby Thomson hit baseball’s Shot Heard ‘Round the World, the echo has finally reached London. This weekend, Major League Baseball will join its cousins from the NFL and NBA in offering British fans the opportunity to see regular season games live on their own turf. Given the New York Giants [...]
Cityfibre chooses cable manufacturer Prysmian for full-fibre rollout June 13, 2019 British broadband operator Cityfibre has tapped telecoms cable giant Prysmian to supply equipment for its full-fibre network. Read more: Cityfibre secures £112bn debt package to fund UK full-fibre rollout The Milan-headquartered company, which is the world’s largest cable manufacturer by revenue, will supply optical cable for both underground and aerial application in an initial two-year [...]
E3 2019: The biggest games, trailers and announcements June 12, 2019 Watch Dogs Legion British politics has now well and truly seeped into the cultural groundwater. According to the game’s French publisher Ubisoft, the latest entry in the Watch Dogs series is set in a dystopian vision of “post-Brexit” London. The Grand Theft Auto-alike allows you to freely drive and roam around a near-future version of [...]
Outsourcer Interserve went into administration owing more than £100m to creditors June 10, 2019 Interserve owed more than £100m to firms including accountants, local authorities and IT suppliers when it went into administration in March. The outsourcer owed its unsecured creditors £50.5m, while its secured creditors were due £55.4m, according to documents filed with Companies House. Read more: Interserve kicked off government’s late payments scheme Among the biggest losers [...]
BT in talks with ITV over Britbox investment June 9, 2019 BT is reportedly in discussions over a potential multi-million-pound investment in Britbox, the joint streaming service by ITV and the BBC set to be launched later this year. The telecoms firm has held preliminary talks with ITV about taking a stake in Britbox and helping to fund exclusive dramas produced in the UK, the Sunday [...]
MPs to question Huawei as part of investigation into 5G security risks June 7, 2019 MPs are set to question Huawei on Monday as part of an investigation into the security risks that the Chinese telecom giants could pose to the UK. A leak in April from the National Security Council meeting revealed that Theresa May had approved Huawei’s bid to help build Britain’s 5G network, despite the USA’s claims [...]
BT to close 90 per cent of its UK offices June 5, 2019 BT Group will shut offices in more than 270 locations across UK as it seeks to cut £1.5bn in costs. The telecoms company is to slash its number of offices across the UK by 90 per cent, leaving just 30 open. In some locations, existing buildings will be refurbished while in others BT will move [...]
Shares in Kcom jump as it backs £563m Macquarie takeover bid June 3, 2019 Shares in Hull-based broadband firm Kcom have jumped more than 12 per cent after it unveiled a £563m takeover bid from investment bank Macquarie. Kcom’s board had last month said it backed an offer of 97p per share from the trustees of the Universities Superannuation Scheme (USS) pension fund. Read more: Shares in telecoms firm Kcom [...]