News

The strongest-ever quarterly earnings from the UK’s largest mobile phone group, Everything Everywhere, today boosted the chances of its £10 billion flotation on the London stock market taking place by the end of this year.

Outlook: Snook-ered behind the Orange ball

THE FUTURE may be orange but the mobile industry was seeing red yesterday after Hans Snook's claim that the pre-pay phone is really a device for fleecing the customer. Orange has one million subscribers who fall into this category so the chief executive needs to chose his words with a little care. To some extent, Mr Snook's observation is also a touch self-serving since Orange would much prefer to have no pre-pay customers at all and persuade them all to sign up on 12-month contracts instead.

Orange plans to offer hybrid deal

ORANGE, THE mobile phone operator, is set to launch a new package which combines traditional contracts with prepayment elements in a bid to offer better value to subscribers.

Deutsche Telekom gets pole position for One2One deal

FIVE MONTHS of on-and-off talks with more than half-a-dozen potential suitors for One2One, the smallest of Britain's four mobile operators, ended yesterday with Deutsche Telekom being granted an exclusive negotiating position, sources said.

Outlook: Barclay Knapp

Barclay Knapp

France Telecom stages attack on UK market as CWC is carved up

News Analysis: NTL's audacious pounds 8.2bn swoop will transform the telecoms and media sectors

End in sight for cable fight

Destiny of C&W's pounds 8bn domestic operation to be decided this week

Outlook: Telecom divorcees come hunting

IT'S NOT everyday that you see a herd of elephants charging your way. The normal response would be to take cover, but instead, the City, the British telecoms sector and the cable industry have decided to sit back and enjoy the spectacle. Two great elephants in particular are galloping in their direction - France Telecom and Deutsche Telekom.

France Telecom pays $1bn for 10% of NTL

FRANCE TELECOM last night agreed to pay $1bn (pounds 640m) for a 10 per cent stake in NTL, the number three cable network operator, and is prepared to invest "a few billion dollars" more to back a cash and stock bid for the residential cable assets of Cable & Wireless Communications (CWC), the number one operator.

Telewest closer to winning C&W cable battle

THE BID battle over the residential cable network of Cable & Wireless intensified last night when sources close to Telewest Communications, the country's second biggest cable network operator, said talks with CWC were "quite far advanced" and could result in a deal by next week.

Outlook: Cable madness

WHAT A splendidly medieval world of shifting alliances and betrayals is the telecoms industry right now. Scarcely a day goes past without news of some new alliance, breakup or takeover. It has yet to be demonstrated that any of this digitalised excess of corporate activity is capable of generating a profit, as opposed to simply digging up the roads, laying in the cable and servicing the customer. But with each mooted acquisition, the valuations ratchet up another notch or two. Where there's a deal there's a fee and as long as everyone keeps wanting to party, who's complaining?

C&W prepares for divestment

CABLE & WIRELESS, Britain's third largest telecommunications company, is on the verge of selling two major chunks of its British operations.

Cable & Wireless stock soars 6.3% on bid talk

CABLE & WIRELESS added another business to its growing Internet portfolio yesterday as its stock soared 6.3 per cent on renewed rumours that the company recently received approaches from a number of foreign telecoms operators.

Fast Track: A-Z of Employers ORANGE

Age: Almost five.

War In The Balkans - In The Camps: `Are our days of suffering going to end?'

IT BEGAN in urgent whispers. Within minutes it had turned into an excited murmur that seemed to fill the camp. Milosevic had accepted the peace deal - they may at last be going home to their beloved Kosovo.

Olivetti clinches victory in pounds 40bn Telecom Italia battle

OLIVETTI LAST night clinched victory in the pounds 40bn takeover battle for control of Telecom Italia.
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