UK media and telecoms correspondent
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Feb 11, 2014

Ono board weighs Vodafone offer against stock market plan

MADRID/LONDON (Reuters) – Directors of Spain’s largest cable operator Ono met on Tuesday to weigh up whether they should accept a takeover offer from Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) or push ahead with their original plan to list the company on the stock market.

Ono, which sells fixed and mobile phone, TV and internet services, had been preparing for a 7 billion euro ($9.6 billion) stock market sale to capitalize on high investor interest in European cable firms when the British telecoms operator approached its private equity owners about a takeover.

Feb 10, 2014

Vodafone bids for Spanish cable operator Ono: sources

LONDON/MADRID (Reuters) – Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) has made an offer to buy Spain’s largest cable operator Ono from its private-equity owners ahead of a board meeting of the Spanish company on Tuesday, two people familiar with the situation said.

Other sources familiar with the matter have told Reuters that Ono, which sells fixed and mobile phone, TV and internet services, believes it has an enterprise value of at least 7 billion euros ($9.5 billion).

Feb 6, 2014

Vodafone sees signs of recovery after another torrid quarter

LONDON (Reuters) – Britain’s Vodafone said it was finally seeing early signs of a turnaround due to a growing number of customers and the take-up of more expensive 4G services, following yet another torrid quarter hit by fierce competition in Europe.

The world’s second-largest mobile operator has reported record falls in underlying revenue in the last 18 months, due also to regulator-imposed price cuts and European consumers reducing the number of calls they made during the recession.

Feb 6, 2014

Vodafone confident on revenue outlook after tough quarter

LONDON, Feb 6 (Reuters) – Britain’s Vodafone said it
was confident a growing number of customers and the take-up of
faster 4G services would help lift its revenue, after reporting
yet another poor quarter due to fierce competition in Europe.

The world’s second-largest mobile operator has reported
sharp falls in organic service revenue in the last 18 months,
due also to regulator-imposed price cuts and European consumers
reducing the number of calls they make during the economic
downturn.

Feb 4, 2014

Strong LNG arm helps to steady BG after profit warning

LONDON, Feb 4 (Reuters) – Asian demand for liquefied natural
gas (LNG) helped oil and gas producer BG to meet
quarterly earnings forecasts on Tuesday and reassure investors
after a profit warning last week.

BG posted fourth-quarter earnings of $1.14 billion and said
it was making progress on major growth projects in Australia and
Brazil – while needing to address problems in Egypt which
sparked last Monday’s warning.

Jan 31, 2014

British nuclear plant detects elevated levels of radiation

LONDON (Reuters) – Britain’s Sellafield nuclear fuel reprocessing plant said on Friday it had detected higher than usual levels of radiation and ordered all non-essential staff to stay at home.

Sellafield, the site of Britain’s worst nuclear accident in 1957 and once the producer of plutonium for nuclear bombs, said there was no risk to the public, a statement echoed by the government.

Jan 31, 2014

UK’s Sellafield plant detects elevated levels of radioactivity

LONDON (Reuters) – Britain’s biggest nuclear reprocessing plant said on Friday it had detected raised levels of radioactivity and ordered all non-essential staff to stay at home.

Sellafield, on the coast of the Irish sea in northwest England, said the levels of radioactivity detected were above naturally occurring radiation, though there was no risk to the public or the workforce and the facilities were operating normally.

Jan 28, 2014

Vodafone, Verizon investors back $130 billion Verizon Wireless deal

LONDON/NEW YORK (Reuters) – Shareholders of both Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) and Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) approved Verizon’s $130 billion takeover of their Verizon Wireless venture on Tuesday, paving the way for the third biggest deal in corporate history.

Vodafone shareholders voted for one of the biggest payouts ever as 71 percent of the deal’s net proceeds – or $84 billion including stock – will be returned to Vodafone shareholders from the sale of Vodafone’s 45 percent interest in Verizon Wireless to majority owner Verizon.

Jan 28, 2014

Cameron’s ex-media chief knew of phone-hacking, court hears

LONDON (Reuters) – British Prime Minister David Cameron’s ex-media chief Andy Coulson listened to a hacked voicemail that revealed two leading actors were having an affair when he was editor of the News of the World, a London court heard on Tuesday.

Dan Evans, a former reporter and self-confessed prolific phone hacker on the Rupert Murdoch tabloid, said Coulson was one of 10 senior figures on the paper who knew how he intercepted voicemails to generate front page stories.

Jan 28, 2014

British PM Cameron’s ex-media chief knew of phone-hacking, court hears

LONDON, Jan 28 (Reuters) – British Prime Minister David
Cameron’s ex-media chief Andy Coulson listened to a hacked
voicemail that revealed two leading actors were having an affair
when he was editor of the News of the World, a London court
heard on Tuesday.

Dan Evans, a former reporter and self-confessed prolific
phone hacker on the Rupert Murdoch tabloid, said Coulson was one
of 10 senior figures on the paper who knew how he intercepted
voicemails to generate front page stories.

    • 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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