The Financial Times reports
Marconi exec to get £500,000 pay-off
The telecoms group, Marconi, is believed to be preparing to pay about £500,000 in pension benefits to its former deputy chief executive, John Mayo. The new payment comes on top of £600,000 already paid to Mayo earlier this year.
AT&T hits the global bond market
The US telecoms group, AT&T, plans to raise up to $7bn on the global bond market. The move follows a delay in the sale of the company's 25% stake in AOL Time Warner's cable network.
The Times reports
Intel chief lauds XP launch
In an interview, the president and chief executive of Intel, Craig Barrett, says that Window XP will "re-inject some excitement into the PC industry". Barrett also defended the company's decision to close its consumer electronics division, maintaining that Intel "never really intended to be a major consumer electronics player".
Unions fight to keep BT network British
Unions representing British Telecom staff will lobby the government to ensure that control of the country's telephone network will always remain in British hands. The unions are worried that, after shareholders voted to remove the 15% shareholding limit that effectively protected BT from takeover, the company is vulnerable to an overseas bid. This, claims the Communication Workers Union, could have "huge security implications".
The Independent reports
BT in talks to share Dutch 3G network
British Telecom is in talks with the Dutch company KPN Telecom about sharing costs for the 3G mobile phone infrastructure in the Netherlands. The Independent also reports that the Australian telecoms company, Telstra, has made a reported bid of £86m for Clear Communications, BT's New Zealand outfit.
The Daily Telegraph reports
RIPA deadline on Friday
The newspaper's Business Monitor reminds companies about Friday's consultation deadline for the government's draft code of practice designed to go with the Regulation of Investigatory Powers Act. The draft code can be found at www.homeoffice.gov.uk/ripa/pcdcpc.htm.