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BT Group PLC facing more broadband competiton from billionaire backed startup Upp

The eastern England broadband network has received £1bn of investment from Mikhail Fridman s LetterOne vehicle
Upp said it is extensively using Openreach s infrastructure
BT Group PLC (LON:BT.A) is facing increased competition from various directions, with reports that a Russian billionaire is funding the rollout of a rival superfast broadband network coming a day after newly merged rival Virgin Media O2 set out its plan to “shake up the market”.
Upp, which is planning to roll out full-fibre broadband in eastern England, has announced that LetterOne investment group has taken up its £1bn equity financing in full.
LetterOne is controlled by Mikhail Fridman, a Ukranian-born, ....

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Goram Homes | Michael Page

Goram Homes | Michael Page
michaelpage.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from michaelpage.co.uk Daily Mail and Mail on Sunday newspapers.

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O2-Virgin Media boss faces biggest battle of his career

O2-Virgin Media boss faces biggest battle of his career
Lutz Schuler’s task to combine the two companies and deliver billions in cost savings will mean job cuts and huge technical challenges
19 April 2021 • 9:00am
Virgin Media boss Lutz Schuler is getting used to winning. Downloads on his fibre broadband network hit a record high on March 31 as gamers feasted on the latest update to Call of Duty: Warzone, the first-person shooter played by 80m people.
Such demand came just days before he survived two skirmishes of his own.
In early April, Schuler emerged victorious from a tussle with O2 chief Mark Evans to become the leader of Virgin Media and the mobile network following their £31bn mega merger. A second triumph followed last week, when the competition watchdog provisionally backed the deal, batting away concerns that it would affect service quality and increase prices. ....

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Investegate |Vodafone Group Plc Announcements | Vodafone Group Plc: Board Appointment: Olaf Swantee

Mr Swantee has a track record of delivering industry-leading business growth, influencing market dynamics to encourage competition and deliver benefits to society, and transforming performance and employee engagement. He has extensive international experience of steering organisations through consolidation and integration, while remaining focused on delivery and operational excellence.

As CEO of Sunrise Communications, the company gained true momentum as the leading quality challenger in Switzerland, consistently outperforming its competitors after transforming its network, brand, services, employee base and routes to market. As a result, Sunrise gained share across key product areas, achieved the great place to work award and delivered a total shareholder return of 57%, in comparison with the Stoxx 600 telecoms index, which dropped by -5.6% during the same period. The company has outperformed its peers and delivered on its key KPIs each q ....

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Vodafone appoints non-exec director | 11 February 2021

11 February 2021 | 07:30am
StockMarketWire.com - Vodafone Group has appointed Olaf Swantee as a non-executive director, joining the board following its annual general meeting on July 27, 2021.
The appointment, which is subject to shareholder approval, will also see Mr Swantee become a member of Vodafone s audit and risk committee.
Mr Swantee has extensive experience of the telecommunications sector and a consistent record of creating shareholder value.
He was CEO of Sunrise Communications between 2016-2020 and transformed the company s brand, network and services to establish it as the quality challenger in the Swiss market. Prior to that he was CEO of EE, where he successfully merged Orange UK and T-Mobile to create the UK s leading operator following the sale to BT. ....

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