3/9/2009 10:56:00 AM
Dataselect owner Peter Jones caught up in VAT crack down
Data Select owner Peter Jones has been caught up in a tax authorities clampdown after delays recouping VAT payments to Phones International. The company owes the money after HM Revenue & Customs’ tightened its regulation of the mobile phone industry. The delays relate from 2006, but there is no suggestion that the Dragons’ Den star was involved in any fraud.
Carphone Warehouse launched an attack on telecoms regulator Ofcom’s proposals to allow BT to raise the amount it charges broadband providers to rent capacity on its local network of copper wires. If Ofcom allow the proposals to go ahead Carphone would have to put prices up by 11% in April, and up 22% over the next three years.
Huawei says it will target $30bn deals this year. It is confident it will expand in fixed and mobile to detriment of rival manufacturers Ericsson, Nokia Siemens and Alcatel-Lucent.
Canadian telecoms equipment maker Nortel hopes to complete its reorganisation plans and emerge from bankruptcy protection before mid 2009. The UK arm of Nortel was forced into administration in January.