CK Hutchison lost no time in responding to an open letter written by the CEO of the UK Competition and Markets Authority (CMA) that clearly opposed the company's plan to buy O2 UK, describing the proposed remedy of selling Three UK or O2 to a new MNO to gain approval for the merger as a "red herring".
CK Hutchison stepped up efforts to convince regulators and rivals that its plan to buy O2 UK and merge it with Three UK will not have a detrimental impact on existing mobile network-sharing arrangements between the market's current four players.
CK Hutchison's plan to buy O2 UK from Telefonica and merge it with Three UK has received support from a somewhat unexpected ally: the CEO of Virgin Media, Tom Mockridge.
John Malone-controlled British MSO Virgin Media has announced plans to lay off 900 workers over the next two years. The cable company said it is reorganzing to focus on network expansion, but did not indicate where the cuts would come from.
BT has named Howard Watson as the CEO of its Technology, Service and Operations (BT TSO) unit. He will also serve as Group Chief Information Officer.
Vodafone UK's alternative approach to the sale of LTE services finally appears to be showing signs of success, according to a new research report from CCS Insight.
TiVo's momentum with cable operators continues, with the UK's biggest MSO, Liberty Global-owned Virgin Media, committing to using the tech company's set-tops through 2018.
The UK government said it has plugged another potential source of bill shock after brokering a voluntary deal with EE, O2 UK, Three UK, Virgin Media and Vodafone UK to cap costs accrued on stolen devices.
Zegona, a UK-based company established by former Virgin Media executives to execute a 'buy-fix-sell' strategy in the European telecoms, media and technology (TMT) sector, on Monday kicked off a plan to raise £30 million (€42 million/$44 million) ahead of the company's planned listing on the AIM market of the London Stock Exchange on Mar. 19.
BT this week made further progress in its bid to buy mobile operator EE for £12.5 billion (€16.8 billion/$19 billion), raising £1 billion in a share placing on Thursday to help fund the deal.