BT facing fines over Openreach repair targets June 26, 2014 British telecoms giant BT could face fines if it does not meet new targets to repair its extensive UK telephone and broadband network, Ofcom said yesterday. New rules that come into force on Monday require BT’s Openreach infrastructure division to fix 70 per cent of faults – in the network used by BT’s own customers, [...]
Digital news as popular as print for the first time says Ofcom June 25, 2014 Consumers are now accessing news via the web and mobile apps just as much as print for the first time, according to telecoms regulator Ofcom. Some 41 per cent of people say they now access news on websites and apps, a substantial increase from 32 per cent in 2013. Digital news consumption also raced past [...]
BT jumps after Ofcom quashes fibre complaint June 19, 2014 OFCOM yesterday cleared BT over claims it had priced its flagship superfast broadband too high, boosting BT’s shares by almost two per cent. TalkTalk had complained that BT was abusing its dominant position in the way it priced its wholesale offering. BT offers its own broadband service to consumers, as well as charging rival operators [...]
London Report: Rolls rally lifts market closer to record high June 19, 2014 Arally by aircraft engine-maker Rolls-Royce and the US Federal Reserve’s reassurance over monetary policy yesterday pushed the FTSE 100 up to trade just below a record high. The London market ended the day 0.4 per cent higher at 6,808.11 points, not far from a record 6,950.60 set in 1999. Rolls-Royce surged 8.1 per cent to [...]
BT leads the FTSE 100 fallers on pension and regulation fears June 16, 2014 TELECOMS group BT dragged the FTSE 100 index down yesterday on concerns that it will be hit by an increase in its pension deficit and that Ofcom is preparing to crackdown on its wholesale pricing of superfast broadband. BT’s shares dropped 2.4 per cent, the biggest individual faller on the FTSE 100, with traders citing [...]
Mobile bills set to fall as Ofcom bids to cut costs June 4, 2014 TELECOMS regulator Ofcom has set out plans to slash the wholesale cost of connecting mobile phones, a move that could lead to cheaper bills for consumers. So-called mobile termination rates, the charges from operators for connecting calls to a different network, will fall thanks to a new charge control proposed yesterday. The new regulation would [...]
What you need to know before the open June 4, 2014 European markets are expected lower this morning, as stock futures were seen falling. Nervousness is building ahead of the European Central Bank’s anticipated measures, which’ll be revealed tomorrow. Regulator Ofcom has announced further imposed cuts to the cost of mobile phone calls, with a new charge control that’ll see calls to different networks fall to [...]
Ofcom set to slash mobile charges June 4, 2014 Telecoms regulator Ofcom has set out plans to cut the wholesale cost of connecting mobile phones. Charges from operators for connecting calls to a different network – known as "mobile termination rates" – will fall thanks to a new charge control proposed today. The new regulation would see termination rates fall to less than half [...]
Royal Mail share price drops 5pc as chief warns on threats to business May 22, 2014 Royal Mail has reported some pretty healthy full-year results, although fears for the long-term security of the business have been compounded by words of warning from chief executive Moya Greene this morning. The company, which floated last October, experienced a 83 per cent leap in reported profit before tax, to £1.6bn. Revenue increase two per cent, [...]
The stiff competition facing Royal Mail May 21, 2014 Ahead of its first set of full-year results as a listed company tomorrow, Royal Mail’s announced it’s going to trial delivering parcels on Sundays. Later this summer, it’ll open about 100 offices on Sunday afternoons for customers to pick up parcels. It’ll also pilot delivering parcels within the M25; and from June, Parcelforce Worldwide, its [...]