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.
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.
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.
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.
Singapore Telecommunications Ltd. is revamping its Australian unit, where a drop in revenue and customer spending prompted Southeast Asia’s biggest phone operator to forecast its first annual sales drop in 13 years.
U.K. regulator Ofcom said it may impose limits on the minimum and maximum amounts of mobile-phone frequencies that Vodafone Group Plc and other operators can bid for in an auction that may raise as much 2.6 billion pounds ($4.2 billion.)