BT’s mobile return could be delayed due to ‘technical issues’
BT might not return to the consumer mobile market until the second half of 2015, after the firm encountered ‘technical issues’. So says The Telegraph, which has heard that BT has been forced to delay its mobile network comeback, originally planned for this year, owing to technical glitches. BT had planned to carry as much voice traffic over WiFi as possible in order to undercut rival networks, making use of its 5.4 million WiFi hotspots across the UK.
Telecom Italia to buy Metroweb stake
Telecom Italia has given a mandate to CEO Marco Patuano to negotiate the acquisition of a majority stake in Italian fibre optic network provider Metroweb, owned by infrastructure fund F2i, a source close to the matter said. Approval for talks on a deal which would help Telecom Italia boost investments in faster networks was given at the last board meeting, the source said on Friday. Some analysts have valued Metroweb at around 400 million euros ($505 million).
Maroc Telecom launches Unlimited Mobile
Maroc Telecom is expanding its range of rate plans with the introduction of the all-in-one Unlimited Mobile option. It is also enhancing all its individual and capped rate plans with no change in prices. The Unlimited Mobile provides domestic calls to any operator, international calls to certain destinations, text messages, unlimited 3G+ internet, and even free smartphones. It has also added extra hours of call time, permanently and valid for all domestic and international destinations, to the time credited for existing rate plans.
UK financial services firms bouncing back
The UK’s financial services firms saw strong growth in the three months to September, with profits rebounding and hiring on the up. At the same time, though, companies will have to square up to significant regulation challenges and competition from new entrants, according to the 100th CBI/PwC survey of the sector. Business volumes grew at their fastest rate since 2007 and the momentum is expected to continue into the coming quarter.
Samsung to spend nearly $15 billion on chip plant
Samsung Electronics has announced it plans to spend 15.6 trillion won (about $14.7 billion) to construct a new chip plant in South Korea. The South Korean electronics giant said construction will begin next year in Pyeongtaek, south of Seoul, with the plant set to open in 2017, according to multiple news reports.
Record funding for London tech start-ups
Technology start-ups in London have attracted record levels of investment in the past year, receiving more than a $1bn in funding so far, as venture capitalists bet that Britain’s capital city will produce major digital companies in the future. New research suggests that fledgling tech groups in London have raised $1.021bn from venture capital firms in the first three-quarters of 2014. This is about 30 per cent higher than the $719m raised in 2013, the previous record figure for investment in a full year, and 10 times more than the amount raised in 2010.
New financial chat platform could be bigger than Bloomberg
A new online chat platform aimed at financial firms has already attracted more than half a million user requests, potentially making it bigger than Bloomberg’s messaging service, its chief executive has said. Symphony, which this week unveiled $66m (£41.3m) in funding from Goldman Sachs and 13 other Wall Street institutions, will be offered at no cost for individual users when it launches next year.
Ukraine considers TV strategy
Ukraine is looking into the possibility of significantly simplifying the licensing of TV channels. Speaking in a working meeting with representatives of the media and government, Yuiy Artemenko, the head of the industry regulator (National Council), added that it is also looking into the possibility of must-carry services, which in future may be restricted to only public or public service broadcasting channels.
‘Transformation’ Day for BSkyB
BSkyB’s shareholders will formally decide today whether to go ahead with the broadcaster’s £5.4 billion acquisition of Sky Italia and Sky Deutschland. There are not likely to be many objectors given that the acquisitions will transform BSkyB into a Europe-wide £22 billion business, and with immense prospects. At the end of the process, BSkyB will control some 20 million subscribers with an expansion target of a huge 97 million new households.