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Vodafone Group PLC

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  • NEW DELHI, March 12- British Foreign Secretary Philip Hammond raised concerns in India on Thursday over a $1.6 billion retrospective tax bill charged to British oil explorer Cairn Energy hours before he arrived in the country seeking to improve business ties. Cairn Energy earlier this week filed a formal dispute against the demand from the Indian tax...

  • *Dispute notice filed under terms of UK- India investment treaty. LONDON/ MUMBAI, March 11- Oil explorer Cairn Energy Plc has filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department, in the latest high-profile tax row to hit Asia's third-largest economy. Cairn joins a slew of multinational firms including Vodafone Group...

  • BARCELONA, March 6- Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts...

  • The Boston Consulting Group said last month mobile money transfers in sub-Saharan Africa alone could generate fees of up to $1.5 billion by 2019.. "If you take out air-time, you have a true view of mobile money, and it's not a good story, more than a decade on," says South Africa- based Johan de Lange, who works with banks and phone companies. In Afghanistan, for example,...

  • The chief executives of Vodafone and Deutsche Telekom said on Monday at the Mobile World Congress in Barcelona that network operators needed to give special treatment to data for new services like connected cars and smart electricity meters to ensure that they functioned properly. "We favour net neutrality, but we need to be allowed to have quality classes to...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • LONDON/ PARIS, Feb 25- Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100 million euros. Not many of his peers would spend months working on a relatively small transaction when big fees were there for the taking from industry leaders such as...

  • *Jyske Bank falls after unexpected 4 Q loss. *BHP, Telefonica Deutschland rally after results. Denmark's Jyske Bank fell 6.8 percent after it swung to an unexpected loss in the fourth quarter, weighed down by hefty charges for non-performing loans.

  • PARIS, Feb 23- Gemalto said on Monday its initial investigations into a report that U.S. and British spies had hacked it systems showed its products were secure and it thus did not expect a significant financial prejudice. Gemalto's shares fell sharply on Friday after news website Intercept reported a hack by the U.S. National Security Agency and Britain's...

  • *U.S., UK spies hacked SIM card maker Gemalto's system- Intercept. *Franco-Dutch firm Gemalto says it is investigating report. The alleged hack on Gemalto, if confirmed, would expand the scope of known mass surveillance methods available to U.S. and British spy agencies to include not just email and web traffic, as previously revealed, but also mobile...

  • Chipmaker probes report of hacking by US, UK spies Friday, 20 Feb 2015 | 4:49 AM ET
    Hacking hacker cyber security

    Gemalto said on Friday it was investigating a report U.S. and British spies had hacked its systems.

  • PARIS, Feb 20- Gemalto said on Friday it was investigating a report U.S. and British spies had hacked its systems to steal the privacy-protecting encryption keys in the chips it makes for mobile phones. Gemalto's shares sank as much as 10 percent in huge volumes in early trading after the news website Intercept reported the hack by the U.S. National Security...

  • BEIJING, Feb 16- Foreign direct investment in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry. Earlier data showed FDI in China rose just 1.7 percent in 2014, the slackest...

  • FRANKFURT, Feb 13- Germany's Rocket Internet went to investors with a capital hike just four months after its stock flotation, asking for fresh funds following a 1 billion euro spending spree that targets online food takeaway businesses as the next big thing. The Berlin- based company, Europe's biggest Internet player thanks to its stakes in more than 100...

  • Egypt to issue landline licenses to mobile firms in weeks Wednesday, 11 Feb 2015 | 9:42 AM ET

    DUBAI, Feb 11- Egypt will issue landline telecom licenses to participating mobile operators within weeks, the country's communications minister said on Wednesday, in a move that will end state-owned Telecom Egypt's fixed-line monopoly. In September, the government approved issuing new unified licenses that would allow Telecom Egypt to launch mobile...

  • Swiss scandal haunts HSBC's former boss Stephen Green Tuesday, 10 Feb 2015 | 12:17 PM ET

    DUBLIN, Feb 10- The scandal at HSBC's Swiss private banking arm is particularly awkward for former executive chairman Stephen Green. But the leaking of a vast array of detail about how HSBC's Swiss-based private bank allegedly helped some wealthy clients to dodge taxes has raised questions how Green apparently failed to spot serious control and compliance...

  • This huge Chinese company is aiming for the US Monday, 9 Feb 2015 | 11:14 AM ET
    Huawei's smart phone Hyawei Ascend Mate 2 4G

    Huawei is the next Chinese tech powerhouse hoping its products soon find their way into the American psyche by way of smartphones.

  • Let's get digital! Ecuador's new currency Monday, 9 Feb 2015 | 10:34 AM ET
    A man buys U.S. dollars from a street money changer at the rate of 25,000 sucres to the dollar in Quito, Ecuador, Jan. 11,2000, after the directors of Ecuador's Central Bank approved a plan to dollarize the economy.

    More than 15 years after adopting the U.S. dollar, a South American nation is starting its own digital cash.

  • LONDON, Feb 6- Morgan Stanley co-head of mergers and acquisitions for EMEA Johannes Groeller is to join Paul Taubman's advisory boutique, a source familiar with the move said. Groeller, who previously served as Morgan Stanley's co-head of investment banking in Germany and Austria, is the latest managing director to leave the "bulge bracket" bank and join...