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Hutchison steps up concessions for O2 deal - report
2016-03-15 15:07:00| Telecompaper Headlines
(Telecompaper) CK Hutchison is stepping up its offer to allay competition concerns about its proposed takeover of O2 UK, the Financial Times reports. While the European Commission and Ofcom have reportedly pushed for the company to support a fourth network in the UK, Hutchison is instead proposing to reserve 30 percent of its network for one or more newcomers, according to the FT's sources. This would go further than a MVNO deal, offering permanent access to a share of the network or even partial ownership for one or more new players. This may include a "starter" package of spectrum and ownership of some O2 network sites. The EC is reportedly keen to seen the remedies in place immediately after the deal closes, especially given recent evidence that prices jumped in Austria after a similar consolidation move by Hutchison there.
Tags: report
deal
steps
concessions
Verizon in roaming deal with Cuba's ETECSA
2016-03-15 01:00:00| Total Telecom industry news
AT&T reportedly on cusp of reaching an agreement of its own with state-owned telco.
Tags: deal
verizon
roaming
cubas
Could a steal for US buyers create a raw deal for locals in Canmore real estate?
2016-03-14 16:34:10| Real Estate - Topix.net
Christopher Vincent takes a walk-through of an active listing in Canmore for $1.5 million, ideal for a "lock-and-leave" buyer. As Calgary's real estate market struggles, Canmore is seeing growing interest from American buyers - which is causing some concern about the potential impact on locals.
Oil price dips as Iran rejects cap deal
2016-03-14 16:23:00| BBC News | Business | UK Edition
Oil prices fall by nearly 3% after Iran puts off plans to join nations proposing a freeze on production.
China's Anbang in $6.5bn US hotel deal
2016-03-14 11:18:52| BBC News | Business | UK Edition
Chinese insurer Anbang agrees to buy a US luxury hotel collection from private equity giant Blackstone for a reported $6.5bn (4.5bn).
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