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first_imgIn the hours after it became clear that the Tories had won a majority government at the general election, London estate agents reported a surge in luxury property sales as buyers’ fears over Labour’s proposed mansion tax were allayed.Over £100m worth of top-end central London property was sold on a frenzied Friday as estate agents worked through the night to deal with the renewed interest from wealthy buyers. “I’ve had correspondence last Friday and over the weekend with some 70 clients and other property contacts and all of them have said to me that the luxury London market is now “back in business”, especially with the mansion tax and non-dom worries now blown out of the water due to the resounding win by the Conservatives”, explained Peter Wetherell, chief executive of Wetherell.The Mayfair estate agent, currently processing £29m worth of offers made on Friday, is expecting a “new wave of luxury sales and new instructions coming onto the Mayfair and wider West End marketplace.”Wetherell was far from the only estate agent to benefit from the mini buying boom as the London luxury market enjoyed one of its busiest days since the day before reforms to Stamp Duty, which placed higher taxes on properties costing more than £975,000, were introduced last December.Read more: The Conservatives didn’t have it all their own way in LondonRead more: Which is the world’s hottest luxury property market?Gary Hersham, managing director of Beauchamp Estates, said: “Friday 8th May was bedlam, not that I’m complaining as any Prime Resi agent loves being at the centre of a hurricane of incoming calls from vendors and purchasers. My mobile lit up like a Christmas tree from the early hours, vibrated and flashed all day, and didn’t stop until it ran out of juice late on Friday night.”If Friday is any indication we will now see a big wave of previously pent up demand unleashed in the London housing market, which will  lead to a rise in new instructions and sales across London and the Home Counties in particular, especially in the premium sector of the housing market.”Becky Fatemi, managing director of estate agent Rokstone, predicted an increase in buy-to-let investors next week and a sizeable increase in prices with a home worth £1m costing a further £100,000 by the end of the year.Prime residential rates reached their highest level in three years last month, rising 3.3 per cent year on year since 2012.Some of the biggest climbers on the rising FTSE on Friday were estate agents Foxtons and house builders Barratt Developments and Taylor Wimpey. The dissolution of mansion tax saw Foxtons shares rise almost nine per cent.However, despite London estate agents toasting a Tory victory at the ballot box, many in London may not be so cheered. Labour actually increased its number of seats in London from 38 to 45. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factory Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: General Election 2015 London house prices UK house prices Joe Hall whatsappcenter_img Share General Election 2015: Tory election victory triggers London luxury property market surge as mansion tax fears dissolve Sunday 10 May 2015 5:13 am whatsapplast_img read more

first_img The recent opening of two new cool chain facilities has taken Dallas Fort Worth International Airport (DFW) a step closer to its objective of becoming a major gateway for air cargo flows between Asia and Latin America.Today, Hong Kong-based e-commerce logistics specialist Tigers opened a 86,000sq ft warehouse at the airport, aiming to specialise in health supplements and cosmetics goods.“Our new Dallas facility is perfectly positioned to allow us to deliver omnichannel orders across the US,” said Amber Braband, vice president of growth at Tigers.“Our global warehouse management system and SmartHub:Connect are integrated with customers’ order management systems, allowing for real-time order processing.” Joel Bikman, chief operating and chief marketing officer at healthcare goods provider Mannatech, added: “Tigers has raised the level of service we are providing to our associates around the world by using the latest technology to manage quality control and shipping.“As a result, we can now send out far more orders in a day than before, and they are more accurate, which means our customers will be seeing a big difference.”Meanwhile, last week, ground handling firm Dnata officially opened its new 37,000sq ft cargo terminal at DFW. Besides a general cargo area, the building houses 18,000sq ft of cool chain infrastructure with various temperature zones and represents the airport’s first dedicated cool chain facility.This is a key building block in the airport’s cargo strategy, which it first outlined to The Coolstar in 2016. During the global economic downturn its management conducted a strategic review to identify opportunities for growth and concluded that its location and network made it a perfect transit point for cargo moving between Asia and Latin America.“Miami is the established gateway for perishables from Latin America to the US and to Europe, but we can offer faster connections to Asia,” said John Ackerman, executive vice-president, global strategy & development.Given the predominance of perishables on the eastbound sector, this meant that the airport needed cool chain facilities.“Shippers in many tradelanes between Latin America and Asia with perishables like salmon, berries and asparagus can save as much as two days by using DFW over other airports,” Mr Ackerman claimed.“DFW’s strength lies in its airline network of passenger service with daily belly cargo capacity between Latin America and Asia combined with our excellent freighter services to Asia by nine Asian air freighter operators.”Shawn McWhorter, Americas president at Nippon Cargo Airlines, believed the concept had merit.“Dallas is a good connection point between Latin America and Asia,” he said, adding that DFW was the Japanese cargo airline’s biggest growth market in North America last year.For DFW, the next step is to establish a main deck connection to South America.“Our second priority is to get a freighter to deep South America. We have one to Mexico, but we need one further south,” said Mr Ackerman.Milton de la Paz, vice-president, airline relations, said: “The big challenge is the backhaul. This is where Asia-Latin America comes into play. We are talking to Asian carriers to consolidate their Latin American freight here.”However, DFW is facing competition from a neighbour – Houston also has its sights on a regular freighter link to South America. The airport set up a perishables facility a few years ago, which has been going strong, according to Luis Aviles, senior marketing specialist, air service development.“The air service development team sees the need to develop freighter services to and from Latin America and offer diversified distribution channels to shippers.“The perishables facility is a success with belly freight or imports arriving at IAH by truck from the Mexican market, but the challenge is to establish that continued freighter operation to/from Latin America.“In addition, we see a challenge and a tremendous opportunity to increase freighter capacity to/from Asia,” he said.LATAM, a leading cargo carrier from Latin America, is looking to expand its traffic to and from Asia.“As a freighter airline, you need to look at Asia,” said Andres Bianchi, LATAM Cargo chief executive.With the departure of its last B777 freighter, the airline does not have cargo aircraft that are suitable for the transpacific market, so it relies on interline flows over US points. Outside of Latin America, Miami is its main point served with freighter, supplemented by some service to Los Angeles.“It is where our customers want us to fly,” Mr Bianchi said.Flows through Miami have been well balanced for the carrier and other US airports do not offer a comparable balance, he reported.However, this does not mean that new transit points are off the table. Intent on growing Asian traffic, LATAM is talking with other carriers.“We are working on developing the right alliances and the right connection points between Asia and Latin America,” Mr Bianchi said. By Ian Putzger in Toronto 13/03/2018last_img read more

first_imgPharma [email protected] Sage Therapeutics, a biotech developing an experimental treatment for postpartum depression, this week trumpeted strong results from a clinical trial, which cheered investors and pushed up its stock price. But outside the lab, the company’s aggressive efforts to raise awareness of postpartum depression have proved divisive.The campaign’s message: “When it comes to postpartum depression, silence sucks.” It features close-up photos of distressed, tearful women who can’t speak — because they have pacifiers stuck in their mouths. What’s included? News Editor About the Author Reprints What is it? The campaign features women with pacifiers in their mouths and the slogan “Silence Sucks.” Sage Therapeutics By Megan Thielking June 14, 2017 Reprints GET STARTED Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Megan Thielking STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. A campaign to raise awareness of postpartum depression hits a nerve @meggophonelast_img read more

first_img About the Author Reprints Adam Feuerstein GET STARTED The first real clinical test of the cancer immunotherapy combination thesis has come back negative.Incyte said Friday that its experimental drug epacadostat failed to improve the efficacy of Merck’s checkpoint inhibitor Keytruda when the two drugs were used together to treat patients with newly diagnosed melanoma. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Log In | Learn More By Adam Feuerstein April 6, 2018 Reprints Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. What’s included?center_img Kristoffer Tripplaar/SIPA/AP @adamfeuerstein Incyte’s cancer drug fails trial, marking major blow for immunotherapy combination treatment [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Biotech What is it? Tags biotechnologylast_img read more

first_img Community All of Friday’s Cumann na Bunscol results Facebook Five Laois monuments to receive almost €200,000 in government funding RELATED ARTICLESMORE FROM AUTHOR Ten Laois based players named on Leinster rugby U-18 girls squad WhatsApp Previous articleNew Pre-Paramedic Studies course now available in Portlaoise InstituteNext articleWell-known Laois man completes gruelling Double Ironman challenge Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Home GAA Cumann na mBunscol All of Friday’s Cumann na Bunscol results GAACumann na mBunscolSport Pinterest WhatsApp TAGSCumann na mBunscol center_img Facebook Twitter Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community By Siun Lennon – 18th May 2018 It was an extremely busy last day of Cumann na Bunscol finals as 14 teams took to O’Moore Park to battle out their divisions.Abbeyleix had an extraordinary day – winning three out of the four finals they were competing in.There was also wins for Mountmellick, Rosenallis, Paddock and Camross as divisions 8 through to 1 were played for. Rugby Pinterest Twitter Here are all the results from today’s finals.FRIDAY MAY 1810.30am Roinn 3 Hurling PlateMountmellick 5-2 Stradbally 3-1 – See full report here.11.30am Roinn 5 CamogieRosenallis 5-2 Stradbally 4-1 – See full report here.12.30 Roinn 2 Hurling ChampionshipPaddock 4-11 Ballinakill 2-7 – See full report here.1.30pm Roinn 8 CamogieAbbeyleix 9-3 Portarlington 4-0 – See report here.2.30pm Roinn 2 CamogieAbbeyleix 11-5 Paddock 0-5 – See report here.3.30pm Roinn 5 Hurling Abbeyleix 7-12 Camross 7-5 – See report here.4.30pm Roinn 1 Shield Camross 4-9 Abbeyleix 0-6 – See report hereSEE ALSO – Lucky Laois winner lands €50k in Prize Bonds drawlast_img read more

first_img The level of participation in the Options Trading Simulation has grown from seven Quebec-based business schools in the first edition in 2012 to 28 Canadian universities with over 1,200 teams competing for $17,500 in prizes. Five universities have now incorporated the contest into their derivatives education curriculum. For more information about the contest, visit www.m-x.ca/sim. The Montreal-based derivatives exchange is a wholly owned subsidiary of TMX Group. (TSX:X). Keywords DerivativesCompanies Montreal Exchange Calling all night owls: MX looks to fill expanded trading hours MX seeks market makers for extended hours Montreal Exchange Inc. (MX) Monday launched the fourth edition of the Options Trading Simulation contest. The contest, which runs from February 3 to April 4, is open to undergraduate university students from coast to coast and engages students in the hands-on experience of trading Canadian options. Related newscenter_img Share this article and your comments with peers on social media IE Staff CME Group pulls derivatives out of the Ether Facebook LinkedIn Twitterlast_img read more

first_img Keywords Derivatives,  TaxesCompanies Canada Revenue Agency James Langton U.S. proposes tax of at least 15% on global corporate profits The Supreme Court of Canada has ruled that the purpose of a derivative contract dictates whether it’s for speculation or to hedge risk — which in turn determines how a derivative is treated for tax purposes.In a majority opinion, the court dismissed an appeal from a taxpayer who sought to overturn a Federal Court of Appeal ruling. The appeal court had determined that a derivative contract he entered with TD Bank amounted to a hedge. Related news U.S. businesses may have to report crypto assets to IRS Supreme Court of Canada building in Ottawa Government to reimburse self-employed workers who repaid CERB Share this article and your comments with peers on social media The taxpayer maintained that the derivative — in this case, a forward contract — was for speculation, which would mean that payments made under the contract could be deducted from his business income.The Canada Revenue Agency (CRA) maintained that it was a hedge, meaning that payments made under the contract should be treated as capital losses.In an initial decision, the Tax Court sided with the taxpayer, but the ruling was overturned at the Federal Court of Appeal, which found that it was a hedge.The majority of the Supreme Court sided with the Federal Court of Appeal.“When considered in its full and proper context, it is clear that the purpose of the forward contract was to hedge against market price fluctuations that [his] Bank of Nova Scotia shares were exposed to,” the majority said in its decision.In a dissenting opinion, Justice Suzanne Côté said the taxpayer’s intent should determine whether a derivative is treated as income or capital. She would have allowed the appeal. Facebook LinkedIn Twitterlast_img read more

first_imgInstitute breaks record in 2020, making laws easy to access As Congress prepared to certify the results of the November presidential election on Jan. 6, the law governing the counting of electoral votes was a trending topic on Cornell Law School’s Legal Information Institute (LII), a pioneer in providing open access to U.S. legal information online.Those topics changed abruptly when a mob stormed the U.S. Capitol that afternoon: The Constitution’s Twenty-Fifth Amendment became the website’s most visited page, along with the sections of the U.S. Code criminalizing rebellion or insurrection (18 USC §2383), seditious conspiracy (18 USC §2384) and advocating the overthrow of government (18 USC §2385). Legal Information Institute/Provided Traffic to Cornell Law School’s Legal Information Institute spiked on Jan. 6, the day a mob stormed the U.S. Capitol. The more than 542,000 unique viewers that day marked the site’s busiest single day since 2000.The more than 542,000 unique visitors to LII on Jan. 6, and 516,000 the next day, represented the site’s two busiest days since the Supreme Court handed down Bush v. Gore two decades ago. The heavy traffic continued the trend from a record-setting 2020, when LII welcomed roughly 39 million unique visitors – up from 33 million the year before – boosted by a steady stream of major headlines: impeachment, pandemic, anti-racism protests and the contested presidential election, to name a few.Co-directors Sara Frug and Craig Newton, J.D. ’07, said the growing traffic has helped validate the institute’s theories, techniques and mission.“We consider ourselves researchers,” Newton said, “and we’re looking for ways to make the law more available to more people.”Run by a team of eight technologists and legal experts, the nonprofit institute founded in 1992 by Thomas Bruce and Peter Martin, the Jane M.G. Foster Professor of Law, emeritus, and then-dean of Cornell Law, set out to enable everyone “to read and understand the laws that govern them, without cost.”In addition to the U.S. Code compiling all federal laws, LII resources include the U.S. Constitution and U.S. Constitution Annotated (a Congressional Research Service publication), the Code of Federal Regulations and federal rules of procedure, along with original content including a Wikipedia-like legal dictionary and encyclopedia, and commentary including Supreme Court case previews.The laws, regulations, legal definitions, cases and key subjects are indexed, cross-referenced and explained in ways that make them easier to navigate and understand. Those enhancements – strengthened by recent accessibility improvements – over time established LII as a top result in Google searches about federal law, its biggest source of traffic.At the end of 2020, with support from Public.Resource.Org, LII published one of the first free online publications of regulations in all 50 states, making it easier, for example, to find state-level rules about absentee ballots. “This project has the potential to have an enormous impact, so we’re very excited about it,” Frug said.Nearly a year before the recent violence at the Capitol, another event there sparked LII’s previous high traffic mark of more than 434,000 visitors, on Feb. 5, 2020. After Speaker of the House Nancy Pelosi ripped up her copy of President Donald Trump’s State of the Union speech upon its conclusion, the site registered more than 208,000 views the next day of the law prohibiting “concealment, removal, or mutilation generally” of government records (18 USC §2071).Beyond that episode, the institute’s 2020 traffic highlighted its real-world impact as visitors from law professionals and journalists to small business owners and students sought help making sense of sometimes life-or-death matters.During impeachment proceedings, readers pored over commentary and U.S. Constitution Annotated entries on impeachment, separation of powers and bribery, and researched laws on obstruction of justice, treason and whistleblower complaints, the institute noted in its 2020 annual report.The coronavirus pandemic prompted people to look up federal regulations on eligibility for the Small Business Administration’s Paycheck Protection Program loans – viewed nearly 33,000 times in April, up 38,000% from a year earlier. The section concerning federal unemployment insurance was viewed almost 85,000 times in April, up more than 300,000%.Following the police killings of Black Americans including George Floyd and Breonna Taylor, visitors flocked to LII content on qualified immunity and no-knock warrants, articles on martial law and the civilian commander-in-chief, and laws on respect for the flag and the destruction of veterans’ memorials.All that traffic, especially during summer months when LII typically sees a dip, added up to a record high. But most of the tens of millions of visitors, Frug and Newton said, were just performing their daily jobs or studies, demonstrating the value of free access to law presented in a comprehensible way.“You can be a very intelligent, educated person and still have no idea how any of this law stuff works,” Newton said. “And the Supreme Court isn’t going to step in and explain what they’re doing. Somebody else is going to have to make that truly accessible to a lay reader.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bruce, conspiracy, Constitution, Cornell University, coronavirus, Donald Trump, Federal, Foster, Government, impeachment, open access, record high, research, Small Business, small business owner, Supreme Court, university, USC, whistleblowerlast_img read more

first_imgPublic Sector Human Resource Processes to be Streamlined Finance & Public ServiceJuly 8, 2014Written by: Alecia Smith-Edwards RelatedIMF Boss tours Heart College Advertisements FacebookTwitterWhatsAppEmail RelatedJamaica Customs Collects $134 Billioncenter_img Story HighlightsThe contract for the implementation of a new software which will assist in streamlining human resource processes and procedures across the public sector, is expected to be awarded by September this year.This was disclosed by Minister with responsibility for the Public Service in the Ministry of Finance and Planning, Hon. Horace Dalley, during his contribution to the 2014/15 Sectoral Debate.He informed that the procurement process for the Human Capital Management Enterprise System (HCMES) is at an advanced stage, noting that bids for the supply of the software have been received and reviewed. The contract for the implementation of new software which will assist in streamlining human resource processes and procedures across the public sector, is expected to be awarded by September this year.This was disclosed by Minister with responsibility for the Public Service in the Ministry of Finance and Planning, Hon. Horace Dalley, during his contribution to the 2014/15 Sectoral Debate in the House of Representatives, on Tuesday, July 8.He informed that the procurement process for the Human Capital Management Enterprise System (HCMES) is at an advanced stage, noting that bids for the supply of the software have been received and reviewed; and prospective vendors have been receiving clarification where necessary.“We hope that by January of next year, (the system) will be in place for the entire public sector,” he said.The Minister pointed out that the introduction of this system is part of the Government’s plan, “to leverage the most modern technology to aid in transforming the way human resource management practices take place in the sector.”In the meantime, Mr. Dalley said that integral to the process of human resource management reform is improving the quality of staff.“The people, especially those who carry out the direct functions of human resource management, must themselves benefit from reorientation, a change in attitude, and adjustment to how they do their work,” he said.As such, the Government will, this financial year, embark on a series of interventions to enhance the capacity of its workers, the Minister informed.This exercise is to be undertaken with grant funding from the Inter-American Development Bank (IDB).“The Management Institute for National Development (MIND) will significantly be responsible for this effort, using the recently developed Public Sector Learning Framework (PSLF) as the platform for training and development,” he said. Related‘Right Valuation’ Has Made Jamaica More Competitive – Lagardelast_img read more

first_img Tags Deutsche TelekomSprintT-MobileTimotheus Hoettges Previous ArticleZain Group eyes tower sell-off, currency woes hit Q3Next ArticleT-Mobile teams with Project Loon in Puerto Rico Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Operators back Qualcomm role in open RAN path Home DT CEO warns on stake sale, promotes US competition Deutsche Telekom CEO Timotheus Hoettges urged the German government to carefully consider the consequences of selling its stake in the operator, while separately talking-up the benefit of a “strong” third player in the US.In a wide-ranging interview with Welt am Sonntag, Hoettges (pictured) said questions needed to be answered on what would happen to the funds raised by a potential sale of the government’s share of Deutsche Telekom, and the motives of buyers.Concerns raised by the executive include potential suitors’ commitment to infrastructure security and future investment in services for the whole of Germany.Ahead of the country’s federal election in September, both the FDP and Green Party said they were in favour of selling the 33 per cent of Deutsche Telekom still owned by the state. The majority was sold-off in a series of IPOs in the late 1990s.Both parties are reportedly in talks on forming a coalition with Angela Merkel’s Christian Democrats, raising the possibility of a sale.According to the newspaper, a sale could raise up to €24 billion for the government. The publication speculated the proceeds could be used to accelerate fibre broadband rollout in the country.US competitionDuring the interview, Hoettges also talked-up the benefit of a “third strong player” in the US market, without commenting directly on the progress of ongoing talks between subsidiary T-Mobile US and rival Sprint.The two operators are currently jostling for third position in the country behind Verizon and AT&T, but both have significant ground to make up on the market leaders.A strong third provider able to disrupt the “two very big players” would “certainly do the competition good there,” he added. Chris Donkin Author Related Deutsche Telekom eyes 5G, fibre lead T-Mobile US readies 5G FWA business move AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 30 OCT 2017 last_img read more

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