Telecoms Industry Headlines from Financial News https://www.financial-news.co.uk/telecom-air-travel/ Reliable, up-to-date source for financial news distribution and PR. Find the latest news on insurance, banking, property and mortgages and more. Fri, 20 Jun 2025 10:50:45 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9 https://www.financial-news.co.uk/wp-content/uploads/2024/10/cropped-fav-32x32.png Telecoms Industry Headlines from Financial News https://www.financial-news.co.uk/telecom-air-travel/ 32 32 Summit Group’s Role in Bangladesh’s Digital Transformation and Telecom Infrastructure Growth https://www.financial-news.co.uk/summit-groups-role-in-bangladeshs-digital-transformation-and-telecom-infrastructure-growth/ Thu, 29 May 2025 07:25:28 +0000 https://www.financial-news.co.uk/?p=162921 Summit Group, Bangladesh’s largest infrastructure provider, operates an extensive fiber-optic network spanning 47,000 to 55,000 kilometers (approximately 29,204 to 34,175 miles) nationwide, providing the backbone of the country’s internet infrastructure. In 2023, Summit expanded its telecommunications presence by acquiring 2,012 towers from mobile operator Banglalink for approximately $100 million. Under this arrangement, Banglalink will lease [...]

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]]> 162921 Ofcom bans mid-contract price rises based on inflation https://www.financial-news.co.uk/ofcom-bans-mid-contract-price-rises-based-on-inflation/ Fri, 19 Jul 2024 11:26:50 +0000 http://www.financial-news.co.uk/?p=63769 Price rises that are linked to future inflation rates have been banned by Ofcom. The rules apply to new contracts for UK phone, broadband and pay TV services from January 2025. The communications regulator said that any price rise written into a customer’s contract will need to be set out in pounds and pence, and [...]

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]]> 63769 BT to convert 2,000 payphones into advertising screens https://www.financial-news.co.uk/bt-to-convert-2000-payphones-into-advertising-screens/ Thu, 28 Mar 2024 15:02:57 +0000 http://www.financial-news.co.uk/?p=63573 BT is to convert payphones into digital hubs in more than 200 towns and cities across the UK. The telecoms company has formed a 10-year partnership with outdoor media company Global to upgrade up to 2,000 conventional BT payphones and kiosks into Street Hubs, starting in 2025. Street Hubs are digital units that provide public [...]

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]]> 63573 Vodafone/Three merger plans set for competition scrutiny https://www.financial-news.co.uk/vodafone-three-merger-plans-set-for-competition-scrutiny/ Thu, 15 Jun 2023 09:14:13 +0000 http://www.financial-news.co.uk/?p=62998 The UK’s Competition and Markets Authority (CMA) is likely to take a close look at a proposed merger between Vodafone and Three in the UK market. Under the merger agreement, announced on Wednesday, Vodafone will own 51% of the merged business and CK Hutchison Holdings Limited, the owner of Three UK, will own 49%. If [...]

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]]> 62998 BT to cut up to 55,000 jobs by 2030 https://www.financial-news.co.uk/bt-to-cut-up-to-55000-jobs-by-2030/ Thu, 18 May 2023 10:22:13 +0000 http://www.financial-news.co.uk/?p=62933 Telecoms group BT has revealed plans to reduce its workforce by as much as 42% over the next seven years. Announcing its annual results, the company said it expected its “total labour resource” — including BT employees and contractors — to shrink from the current 130,000 to between 75,000 and 90,000 by the end of [...]

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]]> 62933 Vodafone and Three UK discuss possible merger https://www.financial-news.co.uk/vodafone-and-three-uk-discuss-possible-merger/ Mon, 03 Oct 2022 12:23:02 +0000 http://www.financial-news.co.uk/?p=62381 Vodafone has confirmed that it is holding merger talks with Three UK about a deal to combine their British operations. According to Sky News, Vodafone UK and CK Hutchison, the owner of Three UK, hope to conclude an agreement by the end of the year. Under the envisaged transaction Vodafone would own 51% and CK [...]

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]]> 62381 Huawei reveals new Kirin 970 phone chip https://www.financial-news.co.uk/huawei-reveals-new-kirin-970-phone-chip/ Mon, 04 Sep 2017 13:57:50 +0000 http://www.financial-news.co.uk/?p=43210 Huawei has unveiled a powerful new mobile phone chip, the Kirin 970. The chip will increase competition between Huawei and its major competitors, Apple and Samsung. The Kirin 970 is technically a chipset, bringing together the components for computing, graphics, image and digital signal processing power that have traditionally used separate chips and, therefore, required [...]

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]]> 43210 BT shares drop after cost of Italian accounting scandal is revealed https://www.financial-news.co.uk/bt-shares-drop-after-cost-of-italian-accounting-scandal-is-revealed/ Tue, 24 Jan 2017 15:34:47 +0000 http://www.financial-news.co.uk/?p=39313 Shares in BT fell nearly 20% on Tuesday after the company revealed the cost of mismanagement at its Italian division. BT announced in October 2016 that it had discovered “inappropriate behaviour” at the Italian business. At the time, the telecoms group estimated the financial impact to be £145m. However, an independent investigation by KPMG has [...]

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]]> 39313 Ofcom to examine landline prices https://www.financial-news.co.uk/ofcom-to-examine-landline-prices/ Thu, 01 Dec 2016 15:12:00 +0000 http://www.financial-news.co.uk/?p=38484 All major landline providers in the UK have increased their line rental charges significantly in recent years, according to Ofcom. The telecoms regulator announced on Thursday that it will review the retail market for standalone landline telephone services, to ensure that customers receive value for money. Ofcom’s analysis shows that line rental fees have increased [...]

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]]> 38484 Ofcom orders BT to make Openreach more independent https://www.financial-news.co.uk/ofcom-orders-bt-to-make-openreach-more-independent/ Tue, 29 Nov 2016 12:37:51 +0000 http://www.financial-news.co.uk/?p=38434 Ofcom has ordered BT to legally separate from its network division Openreach, which controls the UK’s broadband infrastructure. The telecoms regulator said on Tuesday that BT had “failed to offer voluntary proposals that address our competition concerns”. As a result, it will go to the European Commission to try to force BT to legally separate [...]

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