Britain’s sale of mobile-phone frequencies, potentially raising 2.6 billion pounds ($4.3 billion), may force Hutchison Whampoa Ltd. to pay a “survival premium” as competition among the four operators intensifies.
Singapore Telecommunications Ltd. will renew a push to win mobile users against Telstra Corp. in Australia after currency moves and a focus on profitability drove its quarterly sales in the country down 14 percent.
Telefonica SA’s O2 mobile-phone unit and Hutchison Whampoa Ltd.’s 3 said U.K. antitrust regulators, rather than the European Union, should review a proposed merger of France Telecom SA and Deutsche Telekom AG’s U.K. operations.
Newedge USA LLC, the broker with the most U.S. segregated customer funds, will pay $700,000 to resolve regulatory claims that the firm submitted flawed trader reports and violated an earlier order to improve accuracy.
Hutchison Whampoa Ltd.’s incoming Chief Executive Officer for its 3 U.K. unit said he will pay a “fair price” in the upcoming auction of mobile-phone frequencies if the government continues to promote competition.
Hong Kong billionaire Li Ka-shing ’s Hutchison Whampoa Ltd. said U.K. regulator Ofcom’s decision to open more frequencies for fast-Internet technology could distort the mobile-phone market and may lead to further consolidation.