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☆ Rewe drops ads with German soccer association over armbands row
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

BERLIN, Nov 22 (Reuters) - Major grocery chain Rewe has scrapped its advertising campaign with the German Football Association after soccer's global governing body cracked down on players wearing 'OneLove' armbands in support of diversity at the Qatar World Cup. Several soccer associations had said that their team captains would wear the armband in Qatar, where homosexuality is illegal. The German Football Association said on Tuesday associations backing the armband were faced with "extreme blackmail," and it had dropped plans for players to wear it because it was unfair for them to shoulder the consequences. Separately, Deutsche Telekom (DTEGn.DE) on Tuesday said it planned to talk with the German Football Association about the armbands controversy. The German Football Association (DFB) is the world's largest, with more than 7 million active members.

☆ Group's E and F get underway with Belgium, Germany and Spain in action
▼ + stars: | 2022-11-22 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Germany will face a Japan team full of names familiar to fans around the world. For Costa Rica, it is a last hurrah for some of the country’s legendary players. So, with one final shot at glory, Belgium begin against a Canada side making its second appearance at a World Cup. Canada ended its 36-year drought to play in a World Cup when it qualified earlier this year. ETSpain vs. Costa Rica: 11 a.m.

☆ World Cup guide: Teams and players to watch
▼ + stars: | 2022-11-20 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

Doha, Qatar CNN —In just over 24 hours, Qatar 2022 will burst into life as the host nation takes on Ecuador in the opening game of the World Cup. Tournament favoritesOnly eight nations have ever won the men’s World Cup, many of which are among the favorites this time around. After being knocked out by England in the Euro 2020 semifinals, the team waltzed through World Cup qualification, winning nine of its 10 matches and conceding only three goals. In addition to making its World Cup debut, Qatar is a relatively unknown quantity with most of its players spending their careers in the nation’s top league. He will be an important player in Japan’s World Cup campaign and has already been dubbed the ‘Japanese Lionel Messi’ back home.

☆ Deutsche Telekom raises guidance after bumper Q3
▼ + stars: | 2022-11-10 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A woman carrying her phone passes by the logo of German telecommunication company "Deutsche Telekom" at the ITS World Congress 2021, a fair for intelligent transport systems, in Hamburg, Germany, October 13, 2021. REUTERS/Fabian BimmerBERLIN (Reuters) -Deutsche Telekom nudged up its full-year guidance on Thursday as the U.S. dollar’s appreciation helped buoy third-quarter profit and its T-Mobile US business added customers. “We are once again proving to be an anchor of stability in difficult times,” said Tim Hoettges, chairman of Deutsche Telekom’s management board. In organic terms, Telekom expected full-year adjusted EBITDA AL to come in at more than 37.0 billion euros, up from previous guidance of around 37.0 billion. T-Mobile US now expects to unlock synergies from its merger with Sprint of $5.7-5.8 billion this year, up from previous guidance of $5.4-5.6 billion, Telekom said.

PARIS/STOCKHOLM, Nov 4 (Reuters) - Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia's example, according to four sources close to the matter. "GSMA is coordinating a proposal that speaks to Big Tech contribution to European infrastructure investment," said John Giusti, GSMA's chief regulatory officer, without elaborating on the content of the proposal. Google, Facebook, Netflix, Amazon did not immediately respond to requests for comment. Australia's recently-adopted laws in its own spat with Google and Facebook have emerged as the most-favoured weapon for telecoms operators in their dispute with Big Tech companies, the sources said. The rules, first aimed at compelling tech giants to pay for news content online, allow an Australian government-appointed arbitrator to set fees if Big Tech companies and news publishers fail to find a common ground over copyright.

☆ U.S. tech giants face pressure from Europe's telcos to pay for building the internet
▼ + stars: | 2022-10-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Michael Bocchieri | Getty ImagesIn Europe, the battle between U.S. Big Tech companies and telecommunications firms has reached fever pitch. In May 2022, EU competition chief Margrethe Vestager said she would look into requiring Big Tech firms to pay for network costs. In South Korea, companies have similarly lobbied politicians to force "over-the-top" players like YouTube and Netflix to pay for network access. Tech companies, naturally, don't think they should pay for the privilege of sending their traffic to consumers. There's also the matter of why internet users pay their providers in the first place.

☆ Vodafone and Altice launch 7 bln euro German broadband company
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 17 (Reuters) - Vodafone (VOD.L) and Altice launched a joint venture on Monday to challenge Deutsche Telekom (DTEGn.DE) by building a 7 billion euro ($6.8 billion) fibre broadband network in Germany. Vodafone said the FibreCo venture would build a "fibre-to-the-home" broadband network available to 7 million German homes, allowing Britain-based Vodafone to upgrade its existing network in Germany, its biggest market. Register now for FREE unlimited access to Reuters.com RegisterConstruction will be contracted to Altice subsidiary Geodesia, with Vodafone Germany responsible for marketing the faster broadband to new customers. Vodafone said it would receive cash proceeds from Altice of up to 1.2 billion euros, which would exceed its equity contributions to the joint venture over time. Altice is the Amsterdam-based holding company bundling the assets of Franco-Israeli cable magnate Patrick Drahi.

☆ EU regulators group against big tech paying for telco infrastructure
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado RuvicAMSTERDAM, Oct 11 (Reuters) - A group of European telecom regulators does not support the idea of having big tech firms such as Google and Netflix paying for telecommunications infrastructure, it said in initial findings published on Tuesday. However, digital rights groups fear that if the big tech firms fund infrastructure, they will also strike deals with telecom firms to give their own traffic preferential treatment, undermining the principle of net neutrality. In a reaction to the BEREC findings, telecom lobby group ETNO - the European Telecommunications Network Operators, which represents Deutsche Telekom, Orange Group, Telefonica and others - rejected the BEREC findings as outdated and said it would submit new evidence to the Commission to support its position. EU industry chief Thierry Breton has said the European Union will review the matter early in 2023.

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive. Porsche AG stock was trading up 3% from the issue price of 82.50 euros at 1035 GMT. That lifted Porsche AG's valuation to 77.4 billion euros, close to the market capitalisation of Volkswagen as a whole, which is worth around 80.1 billion euros, and puts it ahead of rivals like Ferrari (RACE.MI). Shares in Volkswagen and holding firm Porsche SE (PSHG_p.DE), which owns a blocking minority in Porsche AG, were down 4.6% and 8%, respectively, as investors switched across. Up to 113,875,000 preferred Porsche AG shares, carrying no voting rights, were sold in the initial public offering.

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive. Porsche AG stock was trading up 2.5% from the issue price of 82.50 euros at 0854 GMT. Register now for FREE unlimited access to Reuters.com RegisterPorsche AG's solid start came despite broadly weaker stock markets as they braced for expected red-hot German inflation data. Shares in Volkswagen and holding firm Porsche SE (PSHG_p.DE), which owns a blocking minority in Porsche AG, were down 4.3% and 6.7%, respectively. Up to 113,875,000 preferred Porsche AG shares, carrying no voting rights, were sold in the initial public offering.

Europe has nearly half a million telecom towers and most of them have battery backups that last around 30 minutes to run the mobile antennas. Swedish telecom regulator PTS is working with telecom operators and other government agencies to find solutions, it said. The telecom operators are also working with national governments to check if plans are in place to maintain critical services. Deutsche Telekom (DTEGn.DE) will use mobile emergency power systems which mainly rely on diesel in the event of prolonged power failures, it said. France has about 62,000 mobile towers, and the industry will not be able to equip all antennas with new batteries, the FFT's president Liza Bellulo said.

☆ Google says shared network costs is 10-year-old idea, bad for consumers
▼ + stars: | 2022-09-26 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/BRUSSELS, Sept 26 (Reuters) - Alphabet (GOOGL.O) unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was bad for consumers and that the company was already investing millions in internet infrastructure. Register now for FREE unlimited access to Reuters.com RegisterThe idea, floated more than 10 years ago, could disrupt Europe's net neutrality or open internet access, Brittin said. "In 2021, we invested over 23 billion euros in capital expenditure - much of which is infrastructure," Brittin said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE With eye on Big Tech, energy crisis, EU telcos call for shared network costs
▼ + stars: | 2022-09-26 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang Rattay/BRUSSELS, Sept 26 (Reuters) - Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals. Register now for FREE unlimited access to Reuters.com Register"Costs of planning and construction works are increasing. Similarly, the hikes in energy prices and in the prices of other inputs are also hitting the connectivity sector," they said. Big Tech has rebuffed such requests, saying they are already investing in equipment and technologies to deliver content more efficiently. ($1 = 1.0301 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Deutsche Telekom drops planned sale of T-Systems unit - Handelsblatt
▼ + stars: | 2022-09-22 | by ( Christian Kraemer | Tom Käckenhoff | ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterBrochures with the logo of Deutsche Telekom AG are pictured at the shop in the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang RattayBERLIN, Sept 22 (Reuters) - Deutsche Telekom (DTEGn.DE) has halted the planned sale of its T-Systems unit after negotiations with remaining interested parties failed, the Handelsblatt reported citing sources familiar with the matter. Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

☆ Indiscriminate data retention is illegal, EU top court says
▼ + stars: | 2022-09-20 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterEuropean Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, June 17, 2022. REUTERS/Yves Herman//File PhotoLUXEMBOURG, Sept 20 (Reuters) - EU governments cannot hold indiscriminately personal data unless there is a serious threat to national security, Europe's top court said on Tuesday, dealing a setback to EU countries banking on mass data retention laws to combat crime and safeguard national security. The German court subsequently sought the advice of the CJEU which said such data retention can only be allowed under very strict conditions. "The Court of Justice confirms that EU law precludes the general and indiscriminate retention of traffic and location data, except in the case of a serious threat to national security," the judges said. ($1 = 0.9984 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Tech stocks generally carry more risk than other stocks, but they also promise significantly more growth. Throughout much of the 21st century's historic bull market, tech stocks have been at the forefront of the rise, with the biggest tech stocks all outperforming the S&P 500 over the past five and 10 years. There's a fundamental reason why tech stocks tend to attract more investor demand than other kinds of equities. This has added to optimism that tech stocks, in particular stocks which have already seen big gains, will still be a safer longer-term bet," Streeter says. If an investor wants the highest possible appreciation, they would do well to devote a segment of their holdings to tech stocks.

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