Vodafone India wins transfer pricing case
Vodafone scored a victory in India on Friday when the Bombay high court ruled it does not have to pay a 32 billion rupee (€412 million) tax bill. The order was issued in December 2013 to Vodafone India Services Private Limited (VIPSL), a Pune-based subsidiary that provides support services to Vodafone’s various operating businesses. It related to transfer pricing – the practice of setting the fees that divisions within the same company, or subsidiaries owned by the same parent, charge one another for goods and services.
European Commission scraps fixed voice regulation, redefines broadband markets
The European Commission has scrapped all regulation relating to the retail market for access to fixed telephony and the wholesale market for fixed call origination. It has also redefined two wholesale broadband markets. The changes to fixed voice regulation, which come into effect immediately, reflect consumers moving to mobile, VoIP and OTT solutions.
Customer growth continues for Telecom Plus
Telecom plus has reported continued growth for the half year to 30 September, with performance in line with expectations for the year. In a trading statement released today, the British utility supplier said its customer and service numbers were up by 13 and 14 per cent, respectively. Second quarter growth followed on from a successful first quarter. For the half year, customer numbers rose by a total of 34,733.
Symantec to split into separate storage and security firms
Security vendor Symantec has announced that it is to split into two, following a similar announcement by HP last week. The two new firms will both be publicly traded with one concentrating on security and the other on storage. The security side of business generated revenue of $4.2bn (£2.6bn) in fiscal year 2014, and Symantec says the ongoing business will include: consumer and enterprise endpoint security; endpoint management; encryption; mobile; Secure Socket Layer (SSL) certificates; user authentication; mail, web and data centre security; data loss prevention; hosted security; and managed security services.
IT skills shortage pushes Pret to the cloud
Access to the right digital skills is a major challenge for Pret A Manger’s IT department, forcing it to harness third-party cloud platforms to bypass the UK’s skills gap, the company’s tech head has said. Andy Chalklin, director of IT at the retailer, told V3 in an interview at the ServiceNow 2014 NowForum that sourcing the right skills is “probably my number one challenge”. He explained that people with high levels of coding skills would not really consider a retail company as the most obvious place to put their abilities to the test.
Infosys shares bounce ahead of strategy update
Shares in Infosys jumped 6 per cent on Friday as the Indian IT bellwether reported an improvement in margins and a bonus share issue, as investors await guidance from the company’s new chief executive. Vishal Sikka, who took the reins in August, is expected to outline his strategy later today, as the former SAP executive looks to revive the struggling outsourcer with new high-growth software development in areas such as cloud computing and data analytics.
Ofcom updates on ‘White Space’ trials
Ofcom has reported on the status of plans for the introduction of new ‘white space’ wireless technology in the UK – the first country in Europe likely to do so. A number of trials are taking place across the country, with the latest organisations to launch TV trials using the technology to stream live footage of animals to YouTube. This technology uses gaps in radio spectrum that exist in between frequency bands, called white space, to offer new wireless applications that will benefit consumers and businesses.
Amazon to open physical store in NYC
Amazon is reportedly planning to open its first-ever bricks-and-mortar location in New York City. The e-commerce titan is beavering away at renovating a space at 7 West 34th Street in Manhattan, across from the Empire State Building and a block away from the Macy’s department store’s flagship location. Sources say the site won’t be a traditional retail store as such, in that it won’t be a place where customers go to ring up purchases at cash registers. Instead, it will act as a “mini-warehouse” where customers can pick up online orders, as well as stocking a limited amount of product for same-day delivery within New York.
Online shopping sees 30 per cent rise between midnight and 6am, study says
Britons are so addicted to shopping that many are glued to their smartphones when most of their neighbours are asleep – buying games consoles, Lego and pillows. A study of tens of thousands of purchases made at John Lewis last year provides a barometer of changing trends and tastes – with the results painting a surprising picture of a nation of peacock dressers who take their lifestyle cues from popular TV shows, films and social media trends.