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All the papers report that BT is to rename its mobile division MmO2 in place of BTCellnet. The snappy little name is part of a rebranding exercise prior to the division being spun off. The new brand is to be known as O2.
The Daily Telegraph reports that MmO2 is understood to have paid £300,000 to the previous owner of O2, the American-based Oxygen television and Internet group co-founded by chat show host Oprah Winfrey. Meanwhile The Times reports a north-west London shopping centre of the same name is set to launch a legal battle against BT over adoption of the new name.
Guardian IT quits Web-hosting market
All the papers report that Guardian IT, the data recovery group, is to withdraw from the Web-hosting market, blaming low levels of demand and overcapacity.
Viasystems axes 850 Tyneside jobs
The Guardian and Independent report that Viasystems, the circuit board printing operation for telecoms and automotive markets, is to cut 850 jobs at two Tyneside factories. Some 525 jobs are to go at its plant in Longbenton, north Tyneside, and another 325 at South Shields in south Tyneside. The company blamed the "significant and continuing" downturn in the global electronics market.
DoCoMo insists 3G is on schedule
The Times and Guardian report that NTT DoCoMo, Japan's largest mobile phone operator, is to announce details of its 3G services today. The services are due to go live on 1 October.
Motorola develops new semiconductor product
The Financial Times reports that Motorola will announce that its researchers have managed to develop a new type of semiconductor wafer that combines high-performance materials, such as gallium arsenside, on a traditional silicon base.