Bringing 4G to the UK’s remotest realms, Three UK has established 100 dedicated sites through the Shared Rural Network (SRN). This initiative enhances coverage by around 2,800km2, reaching over 37,000 new premises. However, with the ambitious goal to extend 4G coverage to 95% of the country by 2025, one can’t help but ponder, is the UK on pace to meet this target? Participate in the discussion at the Connected Britain digital economy event.
As Three UK reports a 4% revenue boost, courtesy of an expanded active customer base, its operations cost, inflated by 19%, outpaces earnings, hinting at potential sustainability issues. In a different landscape, Telecom Italia shows a 5.5% Q2 profit increase, largely on Brazil’s performance, though competitive pricing in Italy has forced a hefty debt, leading TIM to consider selling its landline grid. At the same time, BT Group sees an uptick in revenue by 4%, attributed to raised prices and improved customer satisfaction. Contrarily, US-based Qualcomm, hit by reduced consumer spending, anticipates a similar upcoming quarter, resulting in a sharp fall in share price. Meanwhile, Bharti Airtel highlights a 14.1% YoY revenue increase, fueled by its growing 4G and postpaid customer base.
Struggling to manage its colossal debt, UK ISP TalkTalk is meticulously strategizing its exit route. Insights suggest that breaking down business units and restructuring management is a bid to steady the wavering financial ship.
Vocus, the Australian fibre giant, eyes a substantial expansion via a potential A$6.3 billion acquisition of TPG Telecom’s enterprise, wholesale, and government assets, including the wholesale infrastructure sector, Vision Network. However, TPG’s Board’s decision remains pending, casting doubt around the contract’s finalisation.
The UK telecom authority, Ofcom, released its quarterly findings revealing increased customer complaints related to telecom and Pay-TV services. With Pay-TV, fixed broadband, landline, and pay-monthly mobile sectors under examination, the report uncovers the underpinning issues like changing providers, billing, and service faults. Notably, TalkTalk garnered the most complaints in the landline and fixed broadband sectors, while BT Mobile led in the pay-monthly mobile domain.
BT’s innovative Etc unit is poised to launch trials repurposing outdated street cabinets into electric vehicle (EV) charging points. Aiming at a smooth transition during the UK’s fiber rollout, this pioneering step initially caters to BT Group and Openreach employees in Northern Ireland, with plans for public engagement. However, the venture’s ultimate impact rests heavily on successful pilot performance.
Unveiling the turbulence in UK’s telecommunications landscape, Virgin Media O2 (VMO2) unfolds its significant workforce reduction strategy. This controversial move, intertwined with dwindling customer base and towering debts, sets a profound impact on the telecom titan’s ascension in the telecom market. Yet, amidst customer attrition, VMO2’s sturdy quarter reports defied setbacks leveraging raised prices, raising critical discussions within the industry.
In a collective effort to combat the rampant issue of scam calls, the Federal Trade Commission (FTC) joined forces with the Federal Communications Commission (FCC), state attorneys general, and various state and federal agencies to announce “Operation Stop Scam Calls” on July 18. This initiative brought together 102 participants, resulting in a total of 180 enforcement actions taken at the state and federal levels.
Vodafone UK announces more accessible and fixed-rate wireless options amid the routine living costs in the UK, further bolstering its reputation as a company committed to social tariffs. This latest offering serves as a beacon of hope for families under financial strain, with an impressive broadband speed, zero installation fees, and an escape clause without extra charges. However, critics caution that this may not be the most affordable deal available, despite being from a mainstream provider.
The UK’s newly established business council brings together heads of fourteen industry behemoths like AstraZeneca, NatWest Group, and Vodafone, offering insights to the Prime Minister on critical economic matters. It’s interesting that Google DeepMind is the only exception to the FTSE 100 list; also significant is the vocal Vodafone inclusion, led by CEO Margherita Della Valle, along with the impending departure of BT’s CEO Philip Jansen amidst a period of shrinkage. The absence of SME representation on the council has fueled criticism, underscoring the complexity and potential bias in shaping Britain’s economic future.
