BT mobile arm EE faces Ofcom probe over contract compliance
New rules introduced in June require telecoms companies to provide customers with a short summary of the main contract terms
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Telecommunications
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Vodafone confirms talks with Three UK to merge British arms
The envisaged transaction would involve both companies combining their UK businesses, with Vodafone owning 51% and CK Hutchison owning 49% of the combined business.
One third of UK households are struggling to pay telecom bills, regulator warns
"It is essential that the industry puts its customers first, and focuses on what more it can do to help support them,” said Lindsey Fussell, Ofcom’s networks and communications group director
Costs will remain Vodafone's near term focus - Citi
'Significant volatility' will remain a feature into next year
BT calls for three days a week office return
BT’s directive comes as more staff this week threatened to walk out over pay
Royal Mail to abandon historic workers deal, as BT, railways and ports face more strikes too
Companies have made pay offers that the unions have mostly rejected for not being in line with current rates of inflation
Vodafone attracts interest from Xavier Niel who swoops to take 2.5% stake
The French billionaire owns telecoms provider Iliad and is a long-term investor in the telecoms sector across several European and African markets
Private equity firms eyeing a stake in Vodafone Group's Vantage Towers business
KKR & Co. and Global Infrastructure Partners are among those firms competing for a stake in Vodafone's wireless towers business.
BT Group upped to 'hold' from 'sell' by Deutsche Bank as unchanged 140p target price achieved
The analysts said BT shares are more than 20% lower than when they downgraded to 'sell' in June last year
BT shares downgraded amid concerns about business-facing unit, alt-nets and capex
The pressures on BT's business-facing units had perhaps previously been underestimated, analysts said
Snap ditches Web3 plans amid mass layoffs
Metaverse-related plans first on the chopping block for struggling social media company
Netflix poaches Snapchat execs to head ad business as it plans ad-supported streaming
Jeremi Gorman and Naylor have been appointed to oversee global advertising at Netflix
BT employees begin two-day strike, govt targets foreign labour
BT said the pay rise is its largest in 20 years and represents an average increase of around 5%
SpaceX and T-Mobile team up for mobile coverage
Most T-Mobile phones will be compatible with the new service
BT: waving through of Drahi's stake-building throws more fuel on fire
The government said it will continue to assess acquisitions “on a case by case basis”
UK government takes no action on Altice stake in BT Group
Business Secretary Kwarteng used his call-in power in May to look at the Altice move
Vodafone agrees to sell Hungarian business for €1.8bn
“The combined entity will increase competition and have greater access to investment to further the digitalisation of Hungary," said Vodafone CEO Nick Read
Fibre-optic supplier Unigel plans to float on Aquis
A total of 11,285,000 ordinary shares are to be issued at a nominal value price of 0.5p per share, with an expected admission date of August 26, 2022
Apax trust says 'weak public markets' affected valuations
The FTSE 250 trust said "weak public equity markets" affected the valuation of its funds' listed holdings