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☆ Australia blocks Telstra-TPG wireless internet deal, sparking legal fight
▼ + stars: | 2022-12-21 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

SYDNEY, Dec 21 (Reuters) - Australia's antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country's No.1 and No.2 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers. In a deal announced in May, Telstra Group (TLS.AX) was to buy spectrum - airwaves which carry wireless internet - and transmission towers from TPG Telecom Ltd (TPG.AX), while TPG would keep selling 4G and 5G coverage using what would become Telstra's infrastructure. 3 wireless internet provider Optus, owned by Singapore Telecommunications (STEL.SI), opposed the deal saying it would build Telstra's market dominance. The decision sets up a second legal showdown between TPG and the ACCC in just over two years. "By knocking back this deal, the ACCC has helped ensure that our regional communities will continue to benefit from competition," said Optus CEO Kelly Bayer Rosmarin in a statement.

☆ Exclusive: Temasek's PSA evaluates multi-billion dollar exit from Hutchison Ports-sources
▼ + stars: | 2022-12-09 | by ( Anshuman Daga | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 9 (Reuters) - Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings (0001.HK), two sources familiar with the matter told Reuters. PSA, the world's second-biggest container terminal operator, whose global network encompasses 160 locations in 42 countries, had acquired the stake in the Hong Kong-based conglomerate's ports business for $4.4 billion in 2006. Both Temasek and CK Hutchison, the conglomerate of retired billionaire Li Ka-shing, declined to comment. Temasek reported a nearly 6% rise in its portfolio value to a record S$403 billion ($297 billion) in the year to March 2022. Economic conditions have worsened since then, with global markets selling off along with a sharp increase in interest rates.

☆ A former tech exec became an entrepreneur overnight after buying a DTC jewelry brand pulling in $3.5 million yearly. Here's how she found the company and her first steps as a new owner.
▼ + stars: | 2022-10-25 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Suchi Jain Saxena left the tech world to pursue e-commerce entrepreneurship. Jain Saxena told Insider about how she brought her tech background to running a DTC brand. But about five months ago, she decided it was time to leave the tech world and try something new on her own. "I come from a family of entrepreneurs, and I always had this desire to scratch my entrepreneurial itch," Jain Saxena said. Jain Saxena is one of many entrepreneurs who are buying established e-commerce stores, rather than starting their own.

☆ 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.

☆ UK extends deadline to remove Huawei equipment from 5G network core
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 13 (Reuters) - Britain on Thursday extended the deadline to remove equipment and services from China's Huawei in core network functions to Dec. 31, 2023, from an original target of Jan. 28, 2023, after consulting with the company and telecoms operators. The government said the deadline to remove all Huawei gear from Britain's 5G networks by the end of 2027 remained unchanged. It also extended a requirement to limit Huawei to 35% of the full fibre access network by three months to Oct. 31, 2023. Britain decided to ban Huawei and other vendors it deemed a high security risk from its 5G networks in 2020 following pressure from the United States. The ban, which was enshrined in law last year, required operators such as BT (BT.L), Vodafone (VOD.L) and Hutchison (0215.HK), to switch to alternative suppliers and eventually remove Huawei equipment already installed in their networks.

☆ Workers strike again at UK's largest port Felixstowe in threat to holiday shipments
▼ + stars: | 2022-09-27 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

The dockworkers at Felixstowe, the largest port in the UK, have started an eight-day strike in protest over their wages and inflation, overlapping with an ongoing strike at Port of Liverpool. Together, the two port strikes threaten imports and exports across industries —much bound for the U.S. — during a critical ramp up in the holiday shipping season. The combined value of weekly trade that moves out of the ports of Felixstowe and Liverpool, according to MDS Transmodal, is nearly $7 billion. The Port said in a statement Tuesday that it was "very disappointed that Unite has announced this further strike action. "This time, it's more likely that supply chains will be under pressure and trade could be affected by the overlapping Liverpool strike," warned Brazil.

☆ Collectors clamor for rare Queen Elizabeth coins and notes
▼ + stars: | 2022-09-21 | by ( Julie Gordon | ) www.reuters.com time to read: +5 min

A Canadian $20 note from 1935, featuring a portrait 8-years-old Princess Elizabeth (later Queen Elizabeth), which will be auctioned later this month is seen in this undated handout picture provided September 20, 2022. In a separate online auction, a 1935 $20 bill featuring Elizabeth was being bid at C$2,100 with 10 days to go. He is also eager to see the first coins featuring Charles as king. Central banks in Canada, Australia and New Zealand have all said bills featuring Queen Elizabeth will remain in circulation for years to come. Indeed, Commonwealth countries looking to use King Charles' image on coins and notes will likely find themselves in a queue behind Britain.

☆ UK dock worker strikes to hit supply chains for companies including Ford
▼ + stars: | 2022-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. This eight-day strike overlaps with a second strike at the UK's largest container port, the Port of Felixstowe, set to begin on Sunday. With multinational companies including Ford — which on Monday warned of a significant cost increase from supply chain pressures — exporting from the UK, the continuing labor strife will stress an already congested European port network. Ford is one of thousands of companies that use both the UK ports and the ports in Germany, Belgium, and Netherlands to export auto parts. According to FreightWaves SONAR data, the Port of New York and New Jersey receives 30 percent of all UK exports.

☆ Former senior Obama advisor guides lobbying and policy strategy of London cryptocurrency firm
▼ + stars: | 2022-09-19 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The crypto industry has been ramping up lobbying around the world with potentially strict regulations on the horizon. The Biden administration released its framework on potential U.S. crypto regulations earlier this month, including ways that could help fight fraud. Kasselman described Messina as a critical guide to the company's lobbying and overall policy efforts. He noted that Messina is not a registered lobbyist, yet often advises their team on lobbying strategy. Kasselman credits Messina with the company hiring Ian Mair as Blockchain.com's head of U.S. policy and Giles Swan to run its European policy.

☆ MLB roundup: Aaron Judge belts 2 more HRs in Yankees' win
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +10 min

Gerrit Cole (12-7) earned the win with four hits, four runs, three walks and eight strikeouts in five innings. Eloy Jimenez had three hits, including a two-run home run, and drove in three runs. Willi Castro hit a two-run homer and Javier Baez had a solo shot for the Tigers. Rays 5, Rangers 3Christian Bethancourt and Jose Siri hit back-to-back homers in host Tampa Bay's win over Texas. The duo went deep in the second inning for a 2-1 lead that the Rays never relinquished.

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