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July 4, 2022

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Softbank’s Fortress offers $1.5 bln to buy Japan’s Sogo & Seibu – Nikkei

Reuters
July 3 (Reuters) – Softbank-owned (9984.T) Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings (3382.T), Nikkei reported on Sunday, citing sources. Fortress has obtained the first refusal right in the acquisition of......

BT staff latest in Britain to vote for strikes over pay

Reuters
Logo of British Telecom (BT) is displayed outside a store in London, Britain, November 15, 2019. REUTERS/Simon Dawson Register now for FREE unlimited access to Reuters.com Register Nearly 96% of 21,000 Openreach engineers vote to strike Majority of BT call centre staff voting also choose strike BT says vote result......

Axiata, Telenor win approval to form Malaysia’s top mobile operator

Reuters
A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng/ Register now for FREE unlimited access to Reuters.com Register KUALA LUMPUR, June 29 (Reuters) – Malaysia’s communications regulator on Wednesday approved a merger between the mobile operations of Axiata Group Bhd (AXIA.KL)......

Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal

Reuters
General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 24 (Reuters) – Rogers Communications Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and Canada’s competition bureau have agreed to start a......

Swedish court upholds ban on Huawei sale of 5G gear

Reuters
STOCKHOLM, June 22 (Reuters) – A Swedish appeals court on Wednesday upheld a ruling by a lower court that banned Huawei (HWT.UL) from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback. In 2020, Swedish telecom regulator PTS unexpectedly......

Canada’s competition agency reiterates opposition to Rogers-Shaw deal

Reuters
The Rogers Building, home of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 17 (Reuters) – Canada’s antitrust regulator said on Friday that the merger of Rogers Communications (RCIb.TO) and Shaw Communications (SJRb.TO) should not go......

Qualcomm wins fight against $1 bln EU antitrust fine

Reuters
LUXEMBOURG, June 15 (Reuters) – U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997 million euro ($1.05 billion) fine imposed by EU antitrust regulators four years ago, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on Big Tech. The European Commission in its 2018......

The Saudi investment king who no longer rules alone

Reuters
Saudi wealth fund bought nearly 17% of Prince Alwaleed’s firm Sovereign fund likely to an active investor – sources PIF may benefit from Alwaleed’s investing style – analysts DUBAI, June 15 (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all......

Saudi Telecom shares rise on $8 bln capital increase proposal

Reuters
A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia February 6, 2018. REUTERS/Faisal Al Nasser Register now for FREE unlimited access to Reuters.com Register DUBAI, June 12 (Reuters) – Saudi Telecom (7010.SE) said on Sunday its board had proposed increasing the company’s share capital by 30 billion......

Rogers Communications’ executive Loretta Rogers dies at the age of 83

Reuters
Loretta Rogers looks out of her car window after attending the funeral for her late husband Ted Rogers, President and CEO of Rogers Communications, in Toronto December 9, 2008. REUTERS/Mark Blinch/File Photo Register now for FREE unlimited access to Reuters.com Register June 11 (Reuters) – Rogers Communications Inc’s (RCIb.TO) Loretta......

EU agrees single mobile charging port in blow to Apple

Reuters
IPhone 12 phones are seen at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 7 (Reuters) – Apple (AAPL.O) will have to change the connector on iPhones sold in Europe......

Canada’s move to bulk up antitrust muscle may miss root of problem

Reuters
TORONTO, June 5 (Reuters) – Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying the world’s most expensive mobile phone bills and forking out more for everyday banking, consumer advocates say. Now, the government says enough is enough.......

Telecom Italia CEO says aims to maximize assets value in spin-off plan

Reuters
Telecom Italia (TIM) General Manager Pietro Labriola poses for a portrait at the company’s headquarters in Rome, Italy, January 17, 2022. REUTERS/Guglielmo Mangiapane/File Photo Register now for FREE unlimited access to Reuters.com Register TRENTO, Italy, June 5 (Reuters) – Telecom Italia (TIM) (TLIT.MI) will pursue a plan to separate its......

Rogers asks tribunal to scrap Canada competition bureau’s rejection of Shaw takeover

Reuters
A person walks near the Rogers Communications building in Toronto, Ontario, Canada on October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register June 3 (Reuters) – Rogers Communications Inc (RCIb.TO) on Friday asked a tribunal to scrap Canada competition bureau’s rejection to its C$20 billion......

Ericsson holds off O’Ward in two-lap shootout to win Indy 500

Reuters
Hard work pays off, says Ericsson Second Swede to win Indy 500 Over 300,000 fans back at the Brickyard INDIANAPOLIS, May 29 (Reuters) – Sweden’s Marcus Ericsson prevailed in a two-lap shootout to win a dramatic Indianapolis 500 on Sunday as the Brickyard reclaimed the mantle of the world’s biggest......

Italy’s TIM, CDP set to clear preliminary accord on single network – sources

Reuters
The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, May 29 (Reuters) – Telecom Italia (TIM) and state lender CDP are expected to reach preliminary agreement on Sunday to merge the phone......

Twitter to pay $150 mln to settle with U.S. over privacy, security violations

Reuters
WASHINGTON, May 25 (Reuters) – Twitter Inc (TWTR.N) has agreed to pay $150 million to settle allegations it misused private information, like phone numbers, to target advertising after telling users the information would be used for security reasons, according to court documents filed on Wednesday. Twitter’s settlement covers allegations that......

Putin promises to bolster Russia’s IT security in face of cyber attacks

Reuters
May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies......

Cisco shares plunge after China lockdowns, Ukraine crisis hits outlook

Reuters
The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, U.S., May 4, 2015. REUTERS/Jim Young Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Cisco Systems Inc (CSCO.O) cut its full-year earnings forecast on Wednesday......

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