UK media and telecoms correspondent
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Jul 16, 2014

Vodafone CEO says unlikely to look at America Movil Mexico assets

LONDON (Reuters) – Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) said it was unlikely to be interested in telecom assets being put up for sale in Mexico by tycoon Carlos Slim’s America Movil (AMXL.MX: Quote, Profile, Research, Stock Buzz) since a deal would not fit with its focus on the corporate market in Latin America.

America Movil has pledged to sell unspecified assets, which analysts say could include mobile subscribers and spectrum, to cut its market share in Mexico below 50 percent and escape tougher regulations.

Jul 4, 2014

BT pension fund in record deal to offload longevity risk

LONDON, July 4 (Reuters) – The trustees of BT Group Plc’s
pension scheme have taken out insurance against the costs
associated with members living longer than expected, in the
biggest such deal of its kind in Britain.

BT, a former state telecoms group, has 320,000 members in
its scheme, making it the country’s largest private sector
defined-benefit pension plan, which requires annual top ups from
the parent company.

Jul 3, 2014

Serco to write down the value of some contracts

LONDON, July 3 (Reuters) – British outsourcing firm Serco
, forced to raise cash after a collapse in profits, said
it expected to write down the value of some of its larger
loss-making contracts as part of a review of its business.

The firm, which said it was trading in line with its
expectations, noted that the writedowns could hit its previously
stated forecasts for the financial year. Shares in the group
slipped 0.6 percent by 1104 GMT.

Jun 25, 2014

In defence of Rebekah Brooks: a British lawyer cripples the prosecution case

LONDON, June 25 (Reuters) – Just weeks before her trial on
phone-hacking charges was due to start, Rebekah Brooks got some
crushing news: the former head of Rupert Murdoch’s British
newspaper arm learnt that her main defence lawyer could no
longer represent her.

Brooks need not have worried about losing John Kelsey-Fry,
who dropped out as he himself might be called as a witness in
the case, even though he is one of Britain’s best trial lawyers.

Jun 25, 2014

Vodafone to win EU approval for $9.8 billion Ono deal: sources

BRUSSELS/LONDON (Reuters) – Vodafone is set to gain unconditional EU approval for its 7.2-billion-euro ($9.79 billion) bid for Spain’s largest cable operator Ono as regulators do not have competition concerns, three people familiar with the matter said on Wednesday.

The deal is part of a wave of consolidation in the telecoms industry and is the British firm’s third acquisition of a European fixed-broadband asset in two years.

Jun 24, 2014

Murdoch protegee Brooks cleared in case that shook British establishment

LONDON, June 24 (Reuters) – Rebekah Brooks, the former boss
of Rupert Murdoch’s British newspaper arm, was acquitted on
Tuesday of orchestrating a campaign to hack into phones and
bribe officials in a case that has shaken the British political
establishment.

A jury at London’s Old Bailey court cleared Brooks
unanimously but found Andy Coulson – her former lover and Prime
Minister David Cameron’s ex-media chief – guilty of conspiring
to intercept messages to break news about royalty, celebrities
and victims of crime.

Jun 24, 2014

Special Report: Rebekah Brooks – The tangled tale of a tabloid career

LONDON (Reuters) – On July 7, 2011, at the height of Britain’s phone-hacking scandal, Rebekah Brooks announced the closure of Britain’s biggest-selling newspaper, The News of the World. That evening, she sat with senior colleagues in a restaurant in London’s Chelsea Harbour, fighting back tears.

    The group – which included James Murdoch, chairman of News Corp’s British newspaper arm – vowed to fight on. ”It was them against the world,” said a former senior News Corp figure with knowledge of the dinner. “They just believed … it was once more unto the breach. Just one more charge.”

Jun 24, 2014

Rebekah Brooks: The tangled tale of a tabloid career

LONDON, June 24 (Reuters) – On July 7, 2011, at the height
of Britain’s phone-hacking scandal, Rebekah Brooks announced the
closure of Britain’s biggest-selling newspaper, The News of the
World. That evening, she sat with senior colleagues in a
restaurant in London’s Chelsea Harbour, fighting back tears.

The group – which included James Murdoch, chairman of News
Corp’s British newspaper arm – vowed to fight on. “It was them
against the world,” said a former senior News Corp figure with
knowledge of the dinner. “They just believed … it was once
more unto the breach. Just one more charge.”

Jun 24, 2014

Protégée’s acquittal boosts Murdoch, but spell over UK politics broken

LONDON, June 24 (Reuters) – The acquittal of Rupert
Murdoch’s protegee over phone hacking at his News of the World
tabloid is a relief for the 83-year-old tycoon and his
businesses, although his 40 year spell over British politics is
probably still broken for good.

A jury on Tuesday found former News of the World editor Andy
Coulson guilty of conspiracy to hack into voicemail messages.
But Murdoch’s protegee Rebekah Brooks was cleared of those
charges, as well as accusations of making illegal payments to
officials and perverting the course of justice.

Jun 24, 2014

Murdoch protegee Brooks cleared of all hacking charges in UK trial

LONDON (Reuters) – Rebekah Brooks, the former boss of Rupert Murdoch’s British newspaper arm, was acquitted on Tuesday of orchestrating a campaign to hack into phones and bribe officials in the hunt for exclusive news.

A jury at London’s Old Bailey cleared Brooks unanimously but found Andy Coulson, Prime Minister David Cameron’s former media chief and ex-editor of one of Murdoch’s British titles, guilty of being part of the phone-hacking conspiracy after a seven-month trial.

    • 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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