8/10/2009 11:19:00 AM
Weekend Papers: Spinvox launches internal probe after financial misconduct claims
Spinvox has launched an investigation into its senior executives after a paper alleging financial mismanagement was circulated to shareholders.
It is the latest blow to Spinvox, led by chief executive Christina Domecq, which business converts voicemails into text messages.
Spinvox sparked controversy recently as it was claims that most of the messages it handles are transcribed in overseas call centres, breaching privacy of consumers
Meanwhile, suppliers have complained they have not been paid, with the company raising an emergency £15m from shareholders last week.
O2 warns Ofcom over reduction in mobile termination rates
O2 has warned regulators that a reduction in termination rates will hike up prices elsewhere for consumers such as handset and tariff prices.
The Guardian reported that operators may respond to regulatory pressure by trying to recoup losses through increasing prices elsewhere.
O2 said free handsets could also be axed and users of smartphones, such as Apple's iPhone, could see charges rise, O2 has told Ofcom.
BT and the UK's smallest network 3 have lobbied for them to be scrapped altogether with their 'terminate the rate' campaign. The campaign has drummed up 70,000 petition signatures and almost 200 MPs have signed an early day motion to have the charges scrapped.
Nortel's chief executive set to leave company
Nortel’s, chief executive, Mike Zafirovski, is close to announcing his departure from the Canadian telecoms equipment maker as it sells off assets, the Financial Times has alleged.
The telecoms maker filed for bankruptcy protection under Chapter 11 is set to sell off the assets in the coming weeks.
The former Motorola and GE executive was appointed in 2005 to try to revive equipment sales at a company as it recovered from an accounting scandal.
Virgin’s hopes to up ARPU with triple product strategy
Virgin hopes to up ARPU and increase retention with its new three product strategy.
58% of the mobile virtual network’s customer are currently on bundled package but the the company wants more.
The company hopes customers will buy TV, fixed line and mobile packages together – the company is also set to up marketing spend with a TV on demand service for mobile
The company is to increase its marketing spend in the third quarter. It is also set to launch a new mobile TV service before the end of the year that will offer video-on-demand services via mobile phones.