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The financial impact of the UK government’s ban on the use of Huawei equipment on 5G networks has been revealed after the Chinese company revealed tha

Mobility company Ola said S&P Global director Sir Mike Rake has joined the Ola UK Board as non-executive Chairman, while global transport expert Leon Daniels has become an independent non-executive director. Daniels and Rake will draw on deep experience across the private and public sectors to provide the strongest possible oversight, corporate governance, and strategic counsel to Ola as it continues to grow and scale. SoftBank-backed Ola said this reflects its long-term commitment and ambition for the UK market. “As a scaled, global business with a major presence in the UK, the appointme...

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Sir Mike to depart after a year on the Huawei board, following an initial stint as advisor in 2019

Day of reckoning looms for the bosses of BT’s stricken Italian arm The trial into accounting irregularities at BT Italia is opening at last and could cast a shadow over the telecoms giant for years to come Credit: Illustration by Alex Mellon for The Telegraph Mike Rake was welcomed back to London with a bump. Chairman of BT at the time, he was returning from the snow-covered hills of Davos, the Swiss ski resort that doubles up as home to the World Economic Forum. But no sooner had the plane door opened than the phone started ringing: it was the worst possible news. After months of invest...