A Huawei spokesperson was contacted for a comment. Huawei has faced increasingly stringent restrictions in recent years, leading to most US companies being barred from conducting business with them. The company has become a focal point in the US-China trade war, with President Biden prioritizing restrictions on China’s tech sector to hinder domestic companies from …
In a statement, Telia’s chairman, Lars-Johan Jarnheimer, expressed his disappointment at Kirkby’s decision to resign, acknowledging her leadership during a critical and demanding period for the company. This appointment, however, comes at the expense of Allera, the CEO of BT’s consumer brands EE and Plusnet, who was widely seen as the frontrunner to succeed Jansen. …
A pioneering figure in the newspaper industry has publicly expressed interest in acquiring The Telegraph following its takeover by Lloyds Banking Group. David Montgomery, a veteran newspaper executive and former editor of The News of the World, announced that his company, National World, is considering a bid for the media group. This disclosure, though not …
The Evening Standard, a London freesheet, has received additional funding from Russian-born peer Evgeny Lebedev as the publication faces widening losses. Shareholders, including Lord Lebedev as the largest shareholder, supplied the newspaper with £16.8m in loans in recent months, according to delayed results published on Companies House. This is in addition to the £14m in …
Altice has confirmed that the corruption case will not impact its cash or liquidity, and its financial guidance for the year remains unchanged. The case revolves around Mr Pereira, who was among those arrested in Portugal as part of “Operation Picoas”. A large-scale investigation conducted by officials resulted in the raids of numerous locations, including …
Tesla, led by Elon Musk, is currently embroiled in a legal dispute with drivers who claim that the company provided inaccurate information regarding the mileage capacity of their electric vehicles. A group of three Tesla owners have initiated a class-action lawsuit in the United States, asserting that their vehicles failed to achieve the promised ranges …
The prestigious investment bank Goldman Sachs has been chosen to oversee the auction of The Telegraph on behalf of Lloyds Banking Group, signaling a significant development in this high-profile business deal. Lloyds, having taken ownership of The Telegraph last month through receivership, had been embroiled in a dispute with the previous owners, the Barclay family. …
Margherita Della Valle, the CEO of Vodafone, expressed her satisfaction with the improved performance in almost all European markets, while acknowledging that there is still further to go. The release of these figures comes in the wake of Vodafone’s recent confirmation of plans to merge with Three, a smaller rival, creating the largest mobile network …
According to Ofcom, approximately one in seven customers have faced unexpected roaming charges while traveling abroad. This often happens when customers connect to a non-EU network while in an EU country, where there is a cap on roaming costs. As a result, holidaymakers can be left with surprise bills amounting to thousands of pounds, which …
The search for a buyer for The Telegraph is gaining momentum, with Andrew McTighe, the chairman of Lloyds Bank, leading the effort to sell the newspaper. It is reported that investment bankers will be appointed to run the auctions in the next two weeks. However, the advisory firm, Lazard, which has been assisting Lloyds with …