UK media and telecoms correspondent
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Dec 16, 2014

Resurgent BT comes back to haunt old rival Vodafone

LONDON (Reuters) – BT’s move to buy mobile operator EE is expected to put the former state-owned telecoms giant back in pole position as fixed line and mobile services converge, forcing rivals such as Vodafone to make costly moves of their own to keep up.

BT on Monday entered into exclusive talks with the owners of EE, Orange and Deutsche Telekom, after playing them off for weeks against rival suitor, Telefonica, showing the power the 168-year-old fixed-line operator now wields with its vision of providing a unified fixed and mobile broadband Internet service.

Dec 15, 2014

BT opts for EE over O2 for 12.5 billion-pound UK mobile deal

LONDON (Reuters) – BT (BT.L: Quote, Profile, Research) has entered exclusive talks with the owners of EE for a potential 12.5 billion-pound ($19.6 billion) acquisition deal to give the former UK state telecoms firm the top position in mobile as well as fixed line broadband services.

BT had been in competing talks with both the Spanish group Telefonica’s (TEF.MC: Quote, Profile, Research) rival mobile firm O2 and EE’s owners, Orange (ORAN.PA: Quote, Profile, Research) and Deutsche Telekom (DTEGn.DE: Quote, Profile, Research), putting the 168-year-old fixed line firm in a strong position in negotiating for a return to the consumer mobile market after 13 years away.

Dec 15, 2014

BT opts for EE over O2 for $19.6 bln UK mobile deal

LONDON, Dec 15 (Reuters) – BT has entered exclusive
talks with the owners of EE for a potential 12.5 billion-pound
($19.6 billion) acquisition deal to give the former UK state
telecoms firm the top position in mobile as well as fixed line
broadband services.

BT had been in competing talks with both the Spanish group
Telefonica’s rival mobile firm O2 and EE’s owners,
Orange and Deutsche Telekom, putting the
168-year-old fixed line firm in a strong position in negotiating
for a return to the consumer mobile market after 13 years away.

Dec 9, 2014

Tesco’s fourth profit warning in five months sends shares tumbling

LONDON, Dec 9 (Reuters) – Tesco slashed its profit
forecasts for the fourth time in five months as its new boss
took costly measures to rebuild the British grocer after its
recent accounting scandal and dramatic loss of customers in an
increasingly cut-throat market.

Shares in the world’s third-biggest retailer plunged as much
as 17 percent at one point on Tuesday to a 14-year low, wiping
more than 2.5 billion pounds ($3.9 billion) off its stock market
valuation, after the group cut its full-year trading profit
forecast by nearly a third.

Dec 9, 2014

Tesco shares tumble with fourth profit warning in five months

LONDON, Dec 9 (Reuters) – Tesco cut profit
expectations for the fourth time in five months on Tuesday as
the cost of rebuilding after an accounting scandal and a
dramatic loss of market share increased pressure on the British
grocer and its new boss.

Shares in the world’s third-biggest retailer plunged as much
as 17 percent to a 14-year low, wiping at one point over 2.5
billion pounds ($3.9 billion) off its stock market valuation, as
the group cut its full-year trading profit forecast by nearly a
third.

Nov 28, 2014

Vodafone examining UK options, including a move for Liberty – sources

LONDON, Nov 28 (Reuters) – Vodafone is reviewing
potential acquisitions, including of Europe’s leading cable
operator Liberty Global, to counter the pending
consolidation among rivals in Britain, five people close to the
matter said.

The internal deliberations at the world’s second-biggest
mobile operator, have picked up pace in recent days after
broadband leader BT Group revealed it was in parallel
talks to buy either EE or Telefonica’s 02.

Nov 27, 2014

On mobile, BT to make the call on bigger EE or easier O2 deal

LONDON/PARIS (Reuters) – BT Group’s choice between buying Britain’s number one or two mobile operator will come down to whether the broadband leader wants to stretch to buy EE, a higher quality, larger company, or take the lower risk, simpler option presented by 02.

The 168-year-old national fixed-line network operator has been in talks with Telefonica’s 02 and separately with EE, which is owned by Orange and Deutsche Telekom, for nearly two weeks, people familiar with the situation said.

Nov 20, 2014

UK retail sales rebound, set to counter growth slowdown

LONDON, Nov 20 (Reuters) – British retail sales jumped in
October, suggesting that shoppers will take the edge off an
end-of-year economic slowdown as Europe’s weak growth takes its
toll on Britain’s factories.

Sales volumes rose by a much stronger-than-expected 0.8
percent on the month, helped by purchases of furniture after the
housing market surged earlier this year and by falling prices,
data from the Office for National Statistics showed on Thursday.

Nov 18, 2014

Britain to investigate Premier League rights auction

LONDON (Reuters) – Britain is investigating whether the way Premier League football match rights are sold is anti-competitive, alarmed by the runaway costs broadcasters have to pay to show the top games in the country’s national sport.

Media regulator Ofcom’s move poses a threat to the business model of the league, which bankrolls the salaries of some of the world’s best players with TV revenues, and to broadcasters Sky (SKYB.L: Quote, Profile, Research) and BT (BT.L: Quote, Profile, Research) who attract subscribers with exclusive matches.

Nov 18, 2014

Britain to investigate Premier League soccer rights auction

LONDON (Reuters) – Britain is investigating whether the way Premier League soccer match rights are sold is anti-competitive, alarmed by the runaway costs broadcasters have to pay to show the top games in the country’s national sport.

Media regulator Ofcom’s move poses a threat to the business model of the league, which bankrolls the salaries of some of the world’s best players with TV revenues, and to broadcasters Sky and BT who attract subscribers with exclusive matches.

    • About Kate

      "I am based in London and cover the UK media and telecoms sectors including BSkyB, Vodafone and WPP. I have previously covered UK general news and sports including major events such as the Olympics and football World Cups."
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