BT Group (BT.A) is seeking to challenge the dominance of Huawei over the industry by throwing its weight behind a new “open source” approach to buying essential network gear, the chief executive of Openreach has claimed.
Turkish industrial investor Cengiz has confirmed it is ready to swoop in with a bid for British Steel if current negotiations over a £50m sale to China’s Jingye collapse. “British Steel is an important asset and we are watching developments closely and are ready to make a bid for the whole of British Steel,” said Cengiz chief executive Omer Mafa.
Outsourcing giant Serco Group (SRP) is taking on an international coalition of pension funds for allegedly misleading investors over fraud in its business tagging criminals. The BBC Pension Trust, Shell Pension Trust, British Airways Pension Trustees and the National Pension Service of Korea are among more than 100 funds claiming compensation over the scandal, which emerged in 2013.
