3/16/2009 10:44:00 AM
What the weekend papers 16.03.2009
BT has frozen pay of all its employees blaming the ‘tough economic climate’.
The pay freeze includes chief executive Ian Livingstone. The company could be facing a potential multi-billion pound shortfall in its £33bn pension fund due to the recession.
A Vodafone mobile broadband customer has run up a £22,000 bill for using the service abroad.
Vodafone has said that it will waive the full amount on the bill.
The communications regulator, Ofcom, confirmed that there are currently no rules forcing companies to alert their customers to the size of bills they are incurring.
Vodafone will sell 40 percent of shares in its joint venture with the Qatar foundation. It will attempt to raise £665m for the shares which would then means the business would be worth £1.66bn
Vodafone Qatar will launch services in the Gulf state by June, therfoe it will break the monopoly of state-owned Qatar Telecommunications.