UK media and telecoms correspondent
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Mar 17, 2014

Vodafone agrees 7.2 bln euro deal to buy Spain’s Ono

LONDON, March 17 (Reuters) – Vodafone Group Plc has
agreed to buy Spain’s largest cable operator Ono for 7.2 billion
euros ($10 billion), in the latest move by the British group to
rebuild its European operations with a broadband offering.

Vodafone said on Monday the deal would enable it to offer a
combination of mobile and fixed-line telephony, pay-TV and
broadband in one of its largest European markets, hit hard by
fierce competition and the effects of a lengthy recession.

Mar 14, 2014

Vodafone close to deal to buy Spain’s Ono: sources

MADRID/LONDON (Reuters) – Shareholders of telecommunications company Ono are close to agreeing a deal with Britain’s Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said.

Shareholders in private equity-backed Ono, which sells fixed and mobile phone, TV and internet services, gave the green light to a planned initial public offering (IPO) of the company at a meeting on Thursday, but they were still holding out for a deal with Vodafone, one of the sources said.

Mar 12, 2014

Murdoch ex-editor Brooks blamed others for illegal activity, court hears

LONDON, March 12 (Reuters) – Rebekah Brooks, the former head
of Rupert Murdoch’s British newspapers, was accused in court on
Wednesday of blaming all those around her when finally caught
orchestrating an illegal campaign to get stories at any cost.

Appearing in the witness stand for a 13th day, Brooks
engaged in a tense standoff with lead prosecutor, Andrew Edis,
who accused her of ordering staff to hack into phones, make
illegal payments and then cover up their behaviour as the police
closed in.

Feb 28, 2014

Pearson earnings to fall in second year of restructuring

LONDON (Reuters) – Britain’s Pearson (PSON.L: Quote, Profile, Research) warned its earnings would fall sharply again in 2014 as the publisher entered the second year of a restructuring sparked by the deterioration in its main U.S. education market.

Pearson, the 170-year-old world leader in education which is under new leadership after years of good growth, suffered a tough 2013 and downgraded its outlook twice.

Feb 27, 2014

Currency swings and ad competition hit WPP’s shares

BARCELONA (Reuters) – Fierce competition in the global advertising industry forced Britain’s WPP (WPP.L: Quote, Profile, Research, Stock Buzz) to lower its profit guidance for 2014 on Thursday, wiping more than a billion pounds off its share price and overshadowing its improving trading throughout 2013.

The world’s largest advertising group said it had outperformed the rest of the industry in winning new business but the combination of clients demanding more for less, and currency fluctuations had hit its operating margins on a reported basis.

Feb 27, 2014

Discount pricing hits Britain’s WPP’s margins and shares

BARCELONA, Feb 27 (Reuters) – Fierce competition within the
advertising industry forced Britain’s WPP to lower its
margin guidance for 2014, wiping over a billion pounds off its
share price and taking the shine off an acceleration in trading
through 2013.

The world’s largest advertising group said like-for-like
revenue had grown in line with forecasts, at 3.5 percent, and
was up to 5.7 percent in January, by the main industry
measurement.

Feb 26, 2014

Investors back Vodafone’s pricey cable push despite AT&T risk

BARCELONA (Reuters) – Shareholders in Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) say they support Chief Executive Vittorio Colao’s plan to rebuild the company with pricey European broadband assets, even though it could complicate a lucrative mooted bid from AT&T (T.N: Quote, Profile, Research, Stock Buzz).

Fresh from the sale of the company’s U.S. arm for $130 billion, Colao has said he could spend up to $40 billion on acquisitions to shore up its recession-hit European operations,

Feb 24, 2014

Cable operator Ono sees pick-up in investor interest in Spain

BARCELONA (Reuters) – With the beginnings of an economic recovery taking hold, Spanish cable telecoms operator Ono believes the time is ripe for attracting international investors in a share market listing which would help it pay down its debts, it said on Monday.

“Capital is returning to Spain. After five difficult years, things are changing quite rapidly, which is very good news for us,” said Rosalia Portela, the chief executive of the private equity-backed group, in an interview.

Feb 23, 2014

China’s Huawei seeks U.S. foothold in smartphone race: executive

BARCELONA, Spain (Reuters) – China’s Huawei Technologies believes it can take advantage of recent changes in how operators in the United States sell phones to get a foothold in the all-important market, an executive with its consumer division said on Sunday.

Huawei, best known as a maker of telecom network gear, became the world’s third-biggest smartphone manufacturer last year, through the sale of mid-priced handsets within its fast-growing domestic market and an increasing appeal to price-conscious consumers in western Europe.

Feb 23, 2014

China’s Huawei seeks U.S. foothold in smartphone race -exec

BARCELONA, Spain, Feb 23 (Reuters) – China’s Huawei
Technologies believes it can take advantage of recent
changes in how operators in the United States sell phones to get
a foothold in the all-important market, an executive with its
consumer division said on Sunday.

Huawei, best known as a maker of telecom network gear,
became the world’s third-biggest smartphone manufacturer last
year, through the sale of mid-priced handsets within its
fast-growing domestic market and an increasing appeal to
price-conscious consumers in western Europe.

    • 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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