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: Italian farce

Outlook: Italian farce

One2One to ring up pounds 10bn

ONE2ONE, the British mobile phone company, is set to fetch a price of more than pounds 10bn amid intense bidding interest from a string of international companies from Deutsche Telekom to Microsoft, writes our City staff.

New Euro telecoms giant faces a daunting struggle

t Companies announce 'merger of equals' to create European powerhouse t Deal faces regulatory probe, while analysts and shareholders are sceptical t Savings could be 1bn euros, although no job cuts are planned for the 300,000 staff

C&W rumours set the phone lines ringing

Market Report

Italia gives conditional go-ahead to $180bn deal

THE BOARD of Telecom Italia was last night reported to have conditionally approved a $180bn (pounds 112bn) merger with Deutsche Telecom after a marathon two-day session, creating the world's biggest telecoms company.

Having a One2One with the market

News Analysis: The UK's fourth largest mobile phone company is up for flotation, if another telecom group doesn't buy it first

Dawes pockets pounds 70m from sale

A WARRINGTON-BASED mobile phone entrepreneur who started out renting televisions yesterday pocketed pounds 70m when he sold his cellular phones business to Cellnet.

Telecoms share sales knock Colt and Orange

THE RECENT jump in the value of telecommunications stocks was underlined again yesterday as one aggressive new operator took advantage of its soaring share price to tap the stock market for funds while another saw its major shareholder offload a large chunk of shares.

Tragedy in the Alps: Three safe after 10 days in an igloo

THANKS TO a mobile phone, guts and survival know-how, three mountaineers were rescued yesterday after spending 10 days in a makeshift igloo at a height of 9,000ft in the French Alps.

Scandinavia creates telecom giant

TELIA AND Telenor, the state-owned telecoms providers in Sweden and Norway, yesterday announced plans to merge in a move that will create Europe's sixth-largest telecoms group. The Swedish and Norwegian governments said the deal would allow the combined company to compete with larger rivals such as Deutsche Telekom and France Telecom in the liberalised markets of continental Europe.

Football: Ginola finds love at the Lane

The Brian Viner Interview: `Last season I had to show that I could not just be good in a good situation, I could be good in a bad situation'

Grid to invest in pounds 400m telecoms network

NATIONAL GRID yesterday shrugged off the financial crisis gripping Brazil by announcing plans to invest pounds 200m in the country as part of a consortium which has won a concession to build a second national telephone network, writes Michael Harrison.

C&W shares soar 10% as predators line up offers

SHARES IN Cable & Wireless gained almost 10 per cent yesterday amid rumours that the telecoms giant was about to receive a takeover bid.

Oon the up; Orange

SHARES in Orange rose nearly 13 percent as the mobile phone company escaped the price cuts imposed on its competitors. The Monopolies Commission said Vodafone and Cellnet must cut their prices for calls between mobile and fixed phone customers by 25 per cent. The action comes as regulators across Europe force operators to cut prices to ensure new rivals have a chance to gain a foothold in the region's $180bn (pounds 107bn) market.

Law Report: Director was entitled to relax conditions

R v Director-General of Telecommunications, ex p Cellcom Ltd and others (Mercury Personal Communications Ltd and anor intervening) Queen's Bench Division, Crown Office List (Mr Justice Lightman) 26 November 1998
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