BARCELONA (Reuters) – Vodafone is open to keeping network spending above its traditional levels once its two-year booster program has ended if it needs to respond to customer demand and competitor moves, its chief executive said.
Vodafone, the world’s No. 2 mobile operator, said this month that it would spend an extra 7 billion pounds ($11.3 billion) on its network in the next two years to put it in pole position for when the economy recovers.
BARCELONA (Reuters) – ITV (ITV.L: Quote, Profile, Research, Stock Buzz), Britain’s biggest commercial free-to-air broadcaster, expects to outperform the UK advertising market in 2014 due to strong demand by major brands during the soccer world cup, its chief executive said.
CEO Adam Crozier told a Morgan Stanley conference in Barcelona that ITV, the home of “X-Factor” talent show and period drama “Downton Abbey”, was in the best financial shape it had been in for years.
BARCELONA, Nov 20 (Reuters) – Fresh from stunning its rivals
in the battle to show European Champions League soccer, British
telecoms group BT will be in a strong financial position
to bid for the next round of English Premier League rights, its
chief executive said on Wednesday.
BT, the once-staid 168-year-old telecoms operator, said
earlier this month it had out-bid pay-TV group BSkyB and
free-to-air broadcaster ITV to show Europe’s premier
soccer competition from 2015 to 2018.
LONDON (Reuters) – Serco (SRP.L: Quote, Profile, Research), the embattled contractor accused of overbilling the British government, revealed the extent of its problems by announcing heavy one-off charges and a profit warning on Thursday.
The company, which has a temporary CEO and is the subject of seven investigations, said operating profit would fall in 2013 and 2014, setting its shares on track for their worst day of trading since July 2002.
LONDON (Reuters) – Serco Group Plc (SRP.L: Quote, Profile, Research, Stock Buzz), the embattled contractor accused of overbilling the British government, took a raft of charges and warned of lower profits on Thursday as problems in Britain, Australia and the United States began to bite.
The company said operating profit would fall in 2013 and 2014, driving its shares down 10 percent to their lowest in more than four years and wiping around 250 million pounds ($400 million) off its stock market value.
LONDON (Reuters) – Rebekah Brooks, a former editor of Britain’s News of the World on trial for phone-hacking, had her own voicemail repeatedly targeted by the private investigator working for her newspaper, a court in London heard on Wednesday.
Brooks, a close confidante of Rupert Murdoch and Prime Minister David Cameron, was one of hundreds whose name was found in the notebooks of Glenn Mulcaire, who has pleaded guilty to voicemail interception on behalf of the now defunct Sunday tabloid.
LONDON (Reuters) – Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) will spend 7 billion pounds – more than expected, earlier than expected – to increase the speed and capacity of its networks and reverse a record fall in revenues resulting from its struggling European business.
The world’s second-largest mobile operator, which is using some of the proceeds from the $130 billion sale of its U.S. arm to Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) to upgrade its infrastructure, said it would spend 3 billion pounds in Europe, 1.5 billion in its emerging markets and the rest on fixed-line assets and corporate customers.
LONDON (Reuters) – BSkyB (BSY.L: Quote, Profile, Research, Stock Buzz) saw more than 1.5 billion pounds ($2.4 billion) wiped off its stock market value on Monday after Rupert Murdoch’s dominant pay-TV operator admitted it had been out-muscled at its own game with the loss of Champions League soccer rights.
Shares in the British group, which had previously seen off three major challengers to its dominance of the home movies and sports market, tumbled more than 10 percent after it suffered its first major rights auction loss to once-staid telecoms company BT (BT.L: Quote, Profile, Research, Stock Buzz).
LONDON (Reuters) – Britain’s BT has beaten BSkyB to win the right to show Champions League soccer from 2015, in the biggest blow to Rupert Murdoch’s dominant pay-TV operator since it started broadcasting more than 20 years ago.
BT, the 168-year-old former state telecoms monopoly, said it would pay 299 million pounds ($478 million) a season to add the glamour ties of Barcelona versus Manchester United and Real Madrid versus Bayern Munich to the English Premier League matches it already shows.
LONDON, Oct 31 (Reuters) – Rebekah Brooks and Andy Coulson,
former editors of Rupert Murdoch’s now-defunct News of the World
tabloid, had a six-year affair at the time their reporters
hacked phone messages of politicians and royalty, a London court
heard on Thursday.
Revealing their close ties, prosecutor Andrew Edis said the
intimacy of their relationship indicated both knew as much as
the other about the criminal activities of senior journalists on