BT to reveal demerger details of BTWireless -- and other news

BT to reveal demerger details

BT to reveal demerger details

The Guardian, Times and Financial Times report that British Telecom will this week reveal plans to demerge its mobile business, BTWireless, into a new company called "O2". Wednesday's announcement will finalise the timetable for the demerger, while the amount of debt that BTWireless will retain will also be revealed.

The Financial Times leads with the news that the new company is likely to be saddled with less than £1bn of debt, rather than the originally forecast £2bn.
The Independent reports that One2One, the smallest UK mobile operator, will rebrand itself as T-Mobile by the end of next year.

Fraud and large handsets hinder 3G launch
The Times reports that the launch of 3G mobile phone services next year could cost network operators billions of pounds through fraud and lost revenue. The paper reports that fraud prevention experts predict that the complexity of 3G and the number of companies involved in delivery will provide opportunities for fraudsters to exploit.

The Financial Times reports that customers will be in for a shock when the 3G handsets are released, looking less like the current generation of sleek mobiles and more like bricks.

Citibank fails to meet online deadline
Citibank has failed to meet its deadline for the launch of a one-stop Internet service aimed at consumers with multiple online accounts, according to the Financial Times. The system, known as account aggregation, was due to launch in the summer but is now not expected to appear until mid-September.

Best of the rest

The Financial Times reports
J-Phone, the Japanese mobile phone operator, has attacked Vodafone over its operational and marketing skills. Vodafone has a 46% share in J-Phone.
Project Telecom, which resells services from larger telecommunications companies, will today reveal a tie-up with Microsoft and Vodafone to offer help-desk support for the next generation of mobile phones.

NTT DoCoMo is expected to begin the commercial launch of its 3G mobile phone service in October.

The Daily Telegraph reports
The Professional Contractors Group is set to carry its legal fight against IR35 to the Court of Appeal.

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