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On Friday, Paul steps into the ring for perhaps his most high-profile fight to date against former heavyweight champion Mike Tyson. Mike Tyson, I thought that was a cute slap, buddy, but tomorrow you’re getting knocked the f*ck out. After the postponement of their initial fight in July, Paul went on to defeat bare-knuckle boxing champion Mike Perry with a sixth round TKO. Mike Tyson and Jake Paul will contest their professional boxing bout on November 15. “Then, I’d retire after that.”After winning a boxing world championship, Paul plans to take his talents to mixed martial arts.
Persons: CNN —, Jake Paul, Paul, Mike Tyson, , ” Paul, Mike, Tyson, Eddie Hearn, ” Hearn, Hearn, Canelo Álvarez, Oleksandr Usyk, Dmitry Bivol, Katie Taylor, Anthony Joshua, ” Joshua, Jonathan Ross, YouTuber, ” Tyson, Michael Loccisano, Michael Spinks, Larry Holmes, Clifford Etienne, Roy Jones Jr, “ I’m, He’s, I’m, Ariel Helwani, you’re, , they’re, Logan ., , Jake Paul ’ –, YouTuber Ali Eson Gib, Nate Robinson, Tyron Woodley, Anderson Silva, Nate Diaz, Tommy Fury, Tyson Fury, Fury, Diaz, Andre August, Ryan Borland, Mike Perry, Nakisa Bidarian, Amanda Serrano, Taylor, Ed Mulholland, Serrano, Bidarian, ” Bidarian, I’d Organizations: CNN, Disney, T, Paul, Dallas Cowboys, UFC, Irish, Getty, , MMA Locations: Arlington , Texas, British, Puerto Rican
LONDON British telecom firms Vodafone and Three's multibillion-pound merger could go ahead if the companies adopt a series of proposed remedies to clear competition concerns, regulators said Tuesday. Vodafone has previously said that the combined entity, once merged, would invest £11 billion ($14.46 billion) into U.K. telecommunications infrastructure. Vodafone has also said it disagrees with earlier findings from the CMA that the merger would lead to price increases for consumers. It says the merger wouldn't pricing strategy and would enhance competition between mobile virtual network operators, or MVNOs. "Approval would mark one of the most significant developments in the history of UK mobile, heralding the arrival of a new market leader with over 29 million customers," Manning said in emailed comments.
Persons: Margherita Della Valle, Three's, Stuart McIntosh, McIntosh, CK Hutchison, Kester Manning, Manning Organizations: Vodafone, LONDON, Markets Authority, Ofcom, CMA, CNBC, 5G, Sky Mobile, Mobile, CK, CK Hutchison, EE, BT, O2, Telefonica, Liberty Global, CCS Insight Locations: London, British, Hong Kong
The former head of Meta's Orion augmented reality glasses initiative has joined OpenAI to lead the startup's robotics and consumer hardware efforts. OpenAI has gained popularity for its viral chatbot, ChatGPT, but the hiring underscores its apparent efforts to move into building and selling hardware. Former Apple exec Jony Ive, who helped design some of Apple's most iconic products from the iMac to the iPhone, has also partnered with OpenAI to create an AI device. The startup focuses on "bringing general-purpose AI into the physical world," per its website, and it aims to do this by developing large-scale artificial intelligence models and algorithms to power robots. Kalinowski's first day on the job at OpenAI is Tuesday, Nov. 5, per a LinkedIn post.
Persons: Orion, OpenAI, Caitlin, CK, Kalinowski, Jony, Jeff Bezos, Meta Organizations: Apple, Physical Intelligence, Amazon, Lux Capital, Bond Capital, Meta, Orion, Pro Locations: San Francisco, OpenAI
Armie Hammer is attempting a career comeback after women accused him of sexual abuse. PR experts said Hammer needs to prove that he's changed to win over the public. AdvertisementArmie Hammer, the actor whose career suddenly ended after several women accused him of sexual and emotional abuse, is trying to make a comeback. PR experts say Hammer's podcast could help him rebuild a fan base, but it will take timeArmie Hammer at the 2018 Oscars. The experts agreed that it will take some time for Hammer to build a new fanbase.
Persons: Armie Hammer, Hammer, , Armie, Hammer —, Johnny Depp, Chris Brown, John Phillips, Louis CK, Mel Gibson, Amber Heard, Kayley Cornelius, Depp, Brown, there's, Cornelius, shouldn't, Neilson Barnard, Lauren Beeching, he's, Beeching, it's, Mayah Riaz, Riaz Organizations: Service, Air Mail, Los Angeles Police Department, Getty, Hollywood, Social Network Locations: Hollywood, Manchester, London
A former Avenue Capital fundraiser claims Marc Lasry offered her a $5 million settlement in May. Earlier this month, Lasry filed a lawsuit against Gina Strum, claiming she was trying to extort $50 million. AdvertisementBillionaire Avenue Capital cofounder Marc Lasry offered a former female employee who accused him of years of sexual harassment a $5 million settlement in May, according to new legal filings from Gina Strum's lawyers. The suit included texts and emails from Strum that Lasry's legal team said demonstrated Strum's obsession with her billionaire boss. AdvertisementDays after Lasry filed his suit, Strum responded with her own lawsuit, claiming years of sexual harassment and unwanted touching from Lasry.
Persons: Marc Lasry, Lasry, Gina Strum, , Gina Strum's, Plaintiff Lasry, doesn't, Strum, CK, Marc Lasry's, Hoffler Organizations: Capital, Service, Milwaukee Bucks, Democratic, Strum Locations: New York
Gina Strum, the former Avenue Capital employee accused of blackmailing her boss, countersued. AdvertisementIn response to Avenue Capital's lawsuit against her, former fundraiser Gina Strum has countersued, accusing her former bosses, including billionaire Marc Lasry, of sexual harassment and gender discrimination. A spokesperson for Avenue said: "Ms. Strum's allegations are completely false and represent her further attempt to malign the reputations of Mr. Lasry, Ms. Gardner, and Avenue for financial gain." Related storiesUnlike Lasry's suit, which accused Strum of "blackmailing" him, Strum's lawsuit does not include extensive written evidence, such as texts or emails of the harassment. AdvertisementOther eye-catching bits of Strum's suit include accusations that Lasry:
Persons: Gina Strum, Marc Lasry, , Sonia Gardner, Daniel Kaiser, CK Hoffler, Jesse Jackson, Lasry —, Strum, Lasry, Gardner, Strum —, Jane, Martin Gantz, Lasry's Organizations: Capital, Service, Avenue, Milwaukee Bucks, Lasry, New York Locations: New York, Instagram, New York City
In this article VOD-GB Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBritain's competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison. The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for tens of millions of customers or see some users get reduced services. The regulator also warned of a negative impact for so-called Mobile Virtual Network Operators (MVNOs), which piggyback on existing infrastructure. The regulator said Friday the merger would result in higher prices or reduced services, and could "negatively affect those customers least able to afford mobile services." Vodafone said in a separate statement Friday that it disagrees with the findings that the merger would lead to price increases for consumers.
Persons: CK Hutchison, Ahmed Essam, CNBC's, Essam Organizations: Vodafone, CK, The, Competition, Markets Authority, Mobile, Network, CMA, CK Hutchison, MVNOs
Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.
Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's
Gen Alpha is poised to be the most online generation, with AI and other inevitable advancements in technology and social media. I loved the phone, but using it for a week also made me realize how complicated excessive social media use is to solve. AdvertisementIt all reminded me of a conversation I had earlier this year with an ex-digital brand strategist about reducing social media use. I'd see memes from friends who forgot to text my Gabb phone and would get sucked right back into social media. Plus, the only reason I have social media boundaries at all is because I grew up being encouraged to have hobbies.
Persons: , I've, Alpha, Julia Pugachevsky, it'd, Sabrina Carpenter's, GabbMessenger, It's, they'll Organizations: Service, Business, Apps, Spotify
CNN —Many celebrities will be well-versed in the power of the statement heel to complete a red carpet look, but at the Tony Awards on Sunday night in New York, Brooke Shields stole the spotlight in a statement flat. Even as far back as 2015, actor Alan Cumming sported Crocs to the Emmys with his Vivienne Westwood ensemble. Founded in Boulder, Colorado by three friends in 2002, Crocs were an immediate success when they first hit the market. Alan Cumming attends the 67th Primetime Emmy Awards in a Vivienne Westwood suit and black Crocs. These efforts may be paying off: Crocs reported a record year of earnings in 2023, with total revenue reaching nearly $4 billion dollars.
Persons: Brooke Shields, Monique Lhuillier, “ I’ve, , Shields, Calvin Klein, , Questlove, Chris Pizzello, Justin Bieber, Drew, Alan Cumming, Vivienne Westwood, Crocs, Jason Merritt, Bad Bunny, Balenciaga that’s Organizations: CNN, Associated Press, Broadway, CBS, Getty, Puerto Locations: New York, Chicago, Boulder , Colorado, Puerto Rican
Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.
Persons: Kendrick Lamar, Drake's, Drake, , Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, , rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida
Kendrick Lamar responded to Drake with a new diss track, "Euphoria," as their beef rages on. AdvertisementKendrick Lamar has taken aim at Drake for a second time with his new diss track, "Euphoria," amid the hip-hop heavyweights' feud. Advertisement"He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. A 'Drake' diss track appears online – but fans are wary it's AI-generated. Later in the track, Drake references Cole's diss track and apology.
Persons: Kendrick Lamar, Drake, Lamar, Taylor, , Lamar dissed Drake, J, Cole, Rick Ross, Cole —, he's, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, Organizations: Metro Boomin, Service, Future, Metro, HBO, Wireless, Lamar, Big, Rocky, Rap Locations: Lamar, Canadian, Florida
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, on Feb. 11, 2015. Nvidia is planning to build a $200 million artificial intelligence center in Indonesia in partnership with local telco giant Indosat Ooredoo Hutchison, as the U.S. tech darling continues its push into Southeast Asia. Indosat did not respond to a request for comment, while Nvidia declined to comment on the matter. Indosat Ooredoo Hutchison is Indonesia's second-largest mobile telco after a 2022 merger between Qatar's Ooredoo and Hong Kong's CK Hutchison. Nvidia's increased presence in Indonesia represents a broader push into Southeast Asia this year as data demand in the region booms on the back of the growing digital economy.
Persons: Ooredoo Hutchison, Budi Arie Setiadi, Indosat, Blackwell, Indosat Ooredoo Hutchison, Kong's CK Hutchison Organizations: Nvidia, Indonesia's, Information Technology, Qatar's, Kong's Locations: Santa Clara , California, Indonesia, U.S, Southeast Asia, Surakarta, Central Java, Nvidia's
The U.K. competition regulator on Thursday referred the proposed merger between Vodafone and CK Hutchison's Three mobile network to an in-depth investigation. The CMA has given itself a deadline of Sept. 18 to complete the in-depth probe, also known as a phase 2 investigation. The CMA has previously said the deal could lead to customers facing higher prices and reduced quality, a lessening of competition in the U.K. mobile market. Announced last year, Vodafone and CK Hutchison's transaction would merge the two brands' U.K. businesses, giving Vodafone a 51% controlling stake and leaving CK Hutchison with the minority interest. Vodafone and Three reiterated that "there will be no change to each operator's pricing strategy as a result of the merger."
Persons: Margherita Della Valle, CK Hutchison Organizations: Vodafone, CK, Markets Authority, CMA, Regulators, CK Hutchison Locations: London, British, United Kingdom
No, the new reality show "Vanderpump Villa" isn't just a remixed version of "Vanderpump Rules." "This is not Château Shitshow," a frustrated Vanderpump tells a pair of servers at the start of the second episode of her latest reality show, "Vanderpump Villa." AdvertisementUnlike in 'Pump Rules,' the villa staff must work together — and that raises the stakesLisa Vanderpump and the chateau staff in "Vanderpump Villa." 'Vanderpump Villa' is more like 'Below Deck'Lisa crowns Harlan, a villa guest, at her "Rebirth" party in episode three. The first three episodes of "Vanderpump Villa" are now streaming on Hulu, with new episodes released weekly.
Persons: isn't, , Lisa Vanderpump, Joseph, Vanderpump, Hannah, Marciano Jax, Marciano, Gilles Mingasson, Jax Taylor, Hannah Fouch, Stassi Schroeder, Jax, Stassi's, Stassi, that's, We're, they'll, Hulu It's, Villa, Marciano —, Andre Mitchell, Mitchell, Grace Cottrell, Gabriella Sanon, Eric Funderwhite's flirtations, Caroline Byl, Emily Kovacs, Emily, Lisa, Harlan, Hulu Vanderpump, Kristen Doute Organizations: Service, Hulu, Hollywood resto, of Reality, Villa, Bravo Locations: Château Saint, Vanderpump's, Downton
CNN —Sydney Roosters forward Spencer Leniu has been given an eight-match suspension after being found guilty of using a racial slur towards an Indigenous Australian rugby league player during a match. The National Rugby League (NRL) announced on Monday that a judiciary panel had found that Leniu had referred to Brisbane Broncos’ Ezra Mam as a “monkey” in a game in Las Vegas earlier this month. Leniu was charged with contrary conduct after the two teams faced off in the US and following a complaint from Mam. While giving evidence, Leniu said that he had wanted to travel to apologize to Mam – a Torres Strait Islander – in person, but the Broncos’ five-eighth rejected his approach. In no way did he mean to direct this term to Ezra in a racial way.
Persons: Spencer Leniu, Leniu, Ezra Mam, Mam, , Ezra, , Mam –, ” Mam, David Becker, Joe Kelly, Spencer, “ Spencer, He’s, ” Kelly, CNN’s Ben Church Organizations: CNN — Sydney Roosters, Indigenous Australian rugby, National Rugby League, Brisbane Broncos, Broncos, Nine News, Roosters, Aboriginal, CNN Locations: Las Vegas, Torres
Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.
Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S
Westend61 | Westend61 | Getty ImagesThere's no place like home — especially as you age. "People might say, 'I want to age in place as the default plan, because that's what I'm already doing,'" said Carol Chiang, CEO of Evolving Homes, a company providing personalized consulting for individuals and families who want to age in place. The costs of the upgrades necessary to age in place can vary, experts say. Chiang said she has seen the prices of bathroom upgrades vary within Florida, where her practice is based. To make sure your home upgrades are successful, experts say it's wise to keep several things in mind.
Persons: I'm, Carol Chiang, Chiang, Carolyn McClanahan, Curt Kiriu, Kiriu, there's, Thomas West Organizations: Westend61, Getty, AARP, Finance, Social Security, CNBC's FA, CK, Builders, National Association of Home Builders, Signature Estate, Investment Advisors Locations: CNBC's, Florida, Mililani, Hawaii, Oahu, Tysons Corner , Virginia
A pedestrian walks past a Vodafone store in central London on May 16, 2023. British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance. Britain's competition watchdog on Friday said it is opening an investigation into the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison . The initial probe will look at whether the deal will lead to a "substantial lessening of competition," according to the U.K. Competition and Markets Authority (CMA). "The CMA will assess how this tie-up between rival networks could impact competition before deciding next steps."
Persons: Margherita Della Valle, CK Hutchison, Sarah Cardell Organizations: Vodafone, CK, U.K, Competition, Markets Authority, CMA Locations: London, British
Brother Spirit is a monk in the French monastic community of Plum Village. Brother Spirit played a role in connecting Salesforce CEO Marc Benioff with Humane's founders. Brother Spirit said competition is not the best way to drive innovation. Brother Spirit did not respond to Insider's request for a comment, so it's unclear exactly when he befriended Benioff. Brother Spirit, who also goes by Brother Pháp Linh, appears to be active on social media.
Persons: Brother Spirit, Marc Benioff, Imran Chaudhri, Bethany Bongiorno, Benioff, Times ., Spirit, He's, Barack Obama, Tim Cook, Fleetwood Mac, , Brother Pháp Linh, CK Lin, Lin Organizations: Brother, Humane's, Service, Apple, Google, The New York Times, Times, Salesforce, Cambridge University Locations: Plum, Salesforce, Bordeaux, France, San Francisco
Kayleigh McEnany poked fun at a courtroom sketch of Trump on "The Five" on Monday. The artist, Elizabeth Williams, said that "dumping on court artists" is becoming more and more common. AdvertisementAdvertisementA courtroom sketch artist has responded to a Fox News commentator who called her drawings of Donald Trump a "travesty." Although other artists' work had been shown in the segment, an image by courtroom sketch artist Elizabeth Williams was displayed on screen at the time. AdvertisementAdvertisementWilliams has been a courtroom artist for decades, and recapped her coverage of Trump going back to the 1980s.
Persons: Kayleigh, Trump, Elizabeth Williams, Williams, , Donald Trump, Kayleigh McEnany, Letitia James, Dana Perino chimed, Greg Gutfeld, Louis CK, Trump's, Colin Jost, YouTube Jost, Donald Trump Jr, Judge Arthur Engoron, Laura Italiano Organizations: Service, Fox, White House Press, Fox News, New York, Trump, USFL, NFL, SNL, YouTube, Team Trump Locations: Miami
New York CNN —Sam Bankman-Fried was found guilty Thursday following a monthlong trial that was almost as wild as the rapid rise and fall of cryptocurrency exchange FTX itself. He was found guilty of stealing billions of dollars from accounts belonging to customers of FTX. During the trial, Bankman-Fried took the unusual – and risky – decision to testify in his own defense. “I was kind of busy and lazy and didn’t bother getting a haircut for long periods of time,” Bankman-Fried said. “No offense to the Kansas City Royals, but we didn’t want to be known as the Kansas City Royals of crypto exchanges,” SBF testified.
Persons: Sam Bankman, Fried, Bernie Madoff’s, Caroline Ellison, SBF’s, Mark Cohen, ” Cohen, , , Cohen, SBF, Ellison, ” SBF, Lewis Kaplan, Kaplan interjected, Bankman, Danielle Sassoon, , Sassoon, Organizations: New, New York CNN, Alameda Research, Miami Heat, American Airlines, FTX, New Orleans Saints, Kansas City Chiefs, Kansas City Royals, Kaseya, PR, Alameda Locations: New York, FTX, Bahamas, United States, Kansas City, Bankman, China, Alameda
New York CNN —Prosecutors grilled former crypto king Sam Bankman-Fried on Monday as his criminal fraud trial entered its third week. The pace of withdrawals then increased further, with about $4 billion in net withdrawals the following day, or 100 times more than a typical day. A market downturn meant that assets associated with FTX’s sister company, the hedge fund Alameda Research, “declined massively in value,” he said. Ellison agreed Alameda should have been hedgedBankman-Fried on Monday recalled a conversation he had with Caroline Ellison, his ex-girlfriend and then-CEO of Alameda Research. “Do you recall saying FTX and Alameda acted separately?” Sassoon asked.
Persons: Sam Bankman, Bernie Madoff, , Fried, Judge Lewis Kaplan, Bankman, FTX, , SBF, Ellison, Caroline Ellison, Danielle Sassoon, ” Sassoon, “ I’m, Sassoon, ” SBF, What’s Organizations: New, New York CNN, Prosecutors, Alameda Research, , PR Locations: New York, Alameda, Alameda . Alameda
UK mobile operator EE eyes growth with new retail platform
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 18 (Reuters) - EE, Britain's biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others. In Britain's mature mobile market, where EE, owned by UK telecoms giant BT (BT.L), competes with VM O2, Vodafone (VOD.L) and Three, mobile network providers are hunting for new ways to grow. EE, which is already Britain's largest retailer of smartphones and has 25 million customers many on monthly deals, said the new platform will sell gaming consoles, tablets, upgrade packages and subscriptions to existing EE customers plus the rest of the market. EE ID will also offer customers cyber security, home security and insurance products for electronics, said Christian Thrane, EE's managing director of marketing. EE's push to add consumer revenue comes at a time of proposed consolidation in Britain's mobile market.
Persons: Marc Allera, Christian Thrane, CK Hutchison, Sarah Young, Sachin Ravikumar Organizations: Wednesday, BT, VM O2, Vodafone, Apple TV, Reuters, CK, HK, Thomson
Branding is displayed for Vodafone at one of its stores in London, Britain, June 14, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 17 (Reuters) - Executives from Vodafone (VOD.L) and CK Hutchison's (0001.HK) Three UK unit said their 15 billion pound ($18 billion) merger would benefit Britain's consumers, infrastructure and jobs, as lawmakers scrutinise the planned tie-up. Vodafone and Three UK have pledged to invest 11 billion pounds to build a 5G network for Britain as part of their bid to secure backing from politicians, unions and competition authorities for the merger announced in June. They warned that without the deal, Britain's 5G network would continue to lag that of other European nations. "Neither us nor Vodafone can invest sufficiently to build the type of 5G network that's needed," Three's Chief Technical Officer David Hennessy said.
Persons: Toby Melville, CK Hutchison's, Nicki Lyons, David Hennessy, Stephen Lerner, Sarah Young, Mark Potter Organizations: Vodafone, REUTERS, HK, Trade, VM O2, Telefonica, Liberty Global, Thomson Locations: London, Britain
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