Latest telecoms news : BT, Vodafone, Yell, Ofcom, broadband speed offers
Latest telecoms news : BT, Vodafone, Yell, Ofcom, broadband speed offers
2010/07/28 by ukcitymedia.co.uk about : Company Reports - 0 Comments - 368 words
Plundering cables for copper has now become such a problem to major telecom network providers that BT have intends to deploy 'smart water', a forensically-coded invisible paint which tags metal thieves.
British Telecom has been forced to act after surge in scrap copper prices which has resulted in increased metal thefts. An increase of 9 per cent in incidents of deliberate attacks on the BT network last year cost BT millions of pounds.
BT’s Metal Theft Taskforce is working in partnership with British Transport Police, by using the SmartWater to deter thefts and convict persistent offenders. The system deploys a fluid to offenders skin and clothing allowing later identification.
Vodafone VOD shareholders are against the re-election the board chairman and deputy it emerged at yesterdays annual meeting. Around 6.5% of shareholders voted against the chairman Sir John Bond and 5.9% voted against re-election of deputy, John Buchanan.
Ontario Teachers Pension Plan OTPP shareholders who hold 0.4% of the shares ccommented "For at least the last five years, the company has had significant structural and strategic weaknesses, resulting in Vodafone trading at a substantial, persistent discount to its asset value."
Reading-based Yellow Pages online directory Yell remains confident in future growth despite a decline in quarterly profit and sales.
Pre-tax profit fell to £16.8m for the quarter ended 30 June 2010 from £18.5m previously while revenue during the quarter fell 7.5% to £439.6m.
Chief financial officer John Davis said "Our strong cash conversion and free cash flow of £92m after all exceptionals allow us to continue to reduce our net debt... we remain confident that the value we deliver positions us to grow when there is greater confidence in sustainable economic recovery."
Meanwhile, Telecoms regulator Ofcom are concerned about advertising of broadband speeds in the UK. Ofcom is concerned that the actual speeds internet browsers achieve are often less than the speed advertised in promotions.
Ofcom reported that 97% of consumers do not manage to get the advertised speed and most consumers get less than less than half the expected advertised speed although BT commented that "users are informed when they sign up so they know what speed to expect."
| |
|
Charts and related articles
To generate a share chart, get latest shares trades data or search for earlier articles, copy company name to clip board and CLICK HERE !
|
ukcitymedia.co.uk provides interest articles compiled from news releases already in the public domain. Articles are abbriviated news alerts or abstracts mostly originating from RNS news releases made in the week of posting. Investors are reminded to source original news releases, verify news and carry out own research before making investment decisions.
Other recent articles within category
