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05/09/2001
BT split set to take place in November
British Telecom has set Monday November 19 as the date it will split the company into two separate entities - BT and O2.
Shares in the demerged mobile phone arm ‘O2’ - formerly BT Wireless - will begin trading on that date, and investors may be encouraged to find that BT has put £500 million of its debts into the mobile business, less than had been expected.
The struggling telecoms giant announced its plan to split into two firms in May, as part of a plan to cut debt and revive its fortunes. Analysts believe the new company will be worth around £15 billion.
Shareholders are due to meet in October to formally approve the split.
BT revealed earlier in the week that it was to rename its BT Wireless mobile phone business 'O2'. The name change will eventually spell the end for the variety of brands currently controlled by the BT Wireless group. These include Cellnet in the UK and Digifone in the Republic of Ireland.
BT's mobile phone internet portal Genie will also be relabelled under the new name. (MB)
Shares in the demerged mobile phone arm ‘O2’ - formerly BT Wireless - will begin trading on that date, and investors may be encouraged to find that BT has put £500 million of its debts into the mobile business, less than had been expected.
The struggling telecoms giant announced its plan to split into two firms in May, as part of a plan to cut debt and revive its fortunes. Analysts believe the new company will be worth around £15 billion.
Shareholders are due to meet in October to formally approve the split.
BT revealed earlier in the week that it was to rename its BT Wireless mobile phone business 'O2'. The name change will eventually spell the end for the variety of brands currently controlled by the BT Wireless group. These include Cellnet in the UK and Digifone in the Republic of Ireland.
BT's mobile phone internet portal Genie will also be relabelled under the new name. (MB)
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02 November 2001
NTL joins with Orange for new mobile phone service
Leading broadband communications company, NTL has teamed up with mobile phone company Orange for the launch of a new mobile phone service. The new mobile phone service aims to compliment NTL Home’s existing portfolio of fixed line telephony, digital interactive TV, dial-up Internet and broadband internet services.
NTL joins with Orange for new mobile phone service
Leading broadband communications company, NTL has teamed up with mobile phone company Orange for the launch of a new mobile phone service. The new mobile phone service aims to compliment NTL Home’s existing portfolio of fixed line telephony, digital interactive TV, dial-up Internet and broadband internet services.
13 November 2001
Vodafone announces huge loss
Over-ambitious acquisitions during the late 1990's by UK mobile operator Vodafone has resulted in company posting losses of £8.45bn over the same period. The bulk of the loss stems from the company’s decision to absorb the cost of recent acquisitions now, rather than wait for their new subsidiaries to pay for themselves.
Vodafone announces huge loss
Over-ambitious acquisitions during the late 1990's by UK mobile operator Vodafone has resulted in company posting losses of £8.45bn over the same period. The bulk of the loss stems from the company’s decision to absorb the cost of recent acquisitions now, rather than wait for their new subsidiaries to pay for themselves.
08 January 2002
Mobile phone thefts on the rise
A study published by the Home Office has revealed that thefts of mobile phones in mainland Britain have doubled in the last year. The research suggested more than 700,000 mobile phones were snatched last year which is more than double the 330,000 figure officially recorded by police.
Mobile phone thefts on the rise
A study published by the Home Office has revealed that thefts of mobile phones in mainland Britain have doubled in the last year. The research suggested more than 700,000 mobile phones were snatched last year which is more than double the 330,000 figure officially recorded by police.
13 July 2001
MOBILE NETWORK CONTROL REDUCED TO ‘BIG FIVE’ BY 2015
FORRESTER Research, one of the world’s leading research and consulting companies, has revealed that five dominant players will control Europe’s mobile phone networks by 2015. The research revealed that mergers and takeovers would be needed because third-generation mobile phone services will not move into profit until two years before.
MOBILE NETWORK CONTROL REDUCED TO ‘BIG FIVE’ BY 2015
FORRESTER Research, one of the world’s leading research and consulting companies, has revealed that five dominant players will control Europe’s mobile phone networks by 2015. The research revealed that mergers and takeovers would be needed because third-generation mobile phone services will not move into profit until two years before.
24 August 2001
BT comes under pressure from Oftel
British Telecom (BT) has come under pressure from telecommunications regulator Oftel to improve access to its lines for rival operators. Oftel has intervened to determine the service levels that BT must offer to other operators wanting to unbundle BT local loops and the compensation the company must pay if it fails to meet those levels.
BT comes under pressure from Oftel
British Telecom (BT) has come under pressure from telecommunications regulator Oftel to improve access to its lines for rival operators. Oftel has intervened to determine the service levels that BT must offer to other operators wanting to unbundle BT local loops and the compensation the company must pay if it fails to meet those levels.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
