UK: BRITISH TELECOM'S CELLNET MAY HAVE GOOD NEWS

Article Abstract:

British Telecom's mobile phone subsidiary Cellnet may become the first UK cellular operator to launch a new generation of mobile phones according to industry sources. The handset known as Wireless Application Protocol (WAP) enables users to surf the Internet and send e-mails. BT has been trialling the WAP service and a launch is scheduled shortly. Handset manufacturers such as Nokia and Siemens have been asked to supply thousands of new phones. Rivals Orange, One2One and Vodafone will follow Cellnet's lead.

Communications Equipment Manufacturing, Communications Equipment, Product introduction, Telecommunications services industry, Telecommunications industry, Telecommunications equipment industry, Telecommunications equipment, Communications industry, British Telecom Inc., Cellnet

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UK: LLOYDS TSB AND BT CELLNET IN JOINT VENTURE

Article Abstract:

Mobile banking services and other services are to be offered in November 2000 by Lloyds TSB and BT Cellnet, which are getting together in order to form a joint venture. Customers will gain a free mobile handset, off-peak Internet access and other such items in order to attract them to sign up. Lloyds TSB is aiming to have over 1mn customers banking online by the end of 2000.

Commercial Banks, Commercial Banking, Retail Banking Services, Clearing Banks, Financial Transactions Processing, Reserve, and Clearinghouse Activities, Joint ventures, Radiotelephone communications, DEPOSITORY INSTITUTIONS, Banking industry, Retail banking, Bank clearinghouses, Lloyds TSB Group PLC, BT Cellnet

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BT blocks floating off Cellnet

Article Abstract:

At present the mobile phone firm Cellnet is 60% owned by British Telecom, but speculation that BT want to buy up the other 40% stake that is owned by Securicor has been heightened by the news that an attempt by Securicor to float its stake has been blocked by BT. The sale of its 20% stake in the US telecoms firm MCI will soon net BT US$ 7bn and many experts believe that the new Labour governmenmt will be less opposed to BT taking full control of Cellnet than the last government was.

Comment:

Speculation that British Telecom wants to buy up other 40% stake that is owned by this co in Cellnet is heightened

Asset sales & divestitures, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Securicor PLC, Trac Communications Inc. Cellnet Div., Article

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