Last-minute challenge to Abramovich’s telecoms deal

One of the co-founders of Roman Abramovich’s telecoms company Truphone is preparing to launch a bold late bid of $250m (£205m) to buy the business, The Telegraph can reveal. Alexander Straub, one of the company’s two original co-founders, is in talks with backers about selling Truphone to Turkish-born entrepreneur Hakan Koç. The effort is supported … Read more

BT prepares to merge struggling business units to purge costs

BT is preparing to merge two of its struggling divisions serving business customers in a significant escalation of cost cutting imposed by chief executive Philip Jansen. The former telecommunications monopoly is set to combine its Global Services division, which provides security and cloud computing services worldwide, with its Enterprise unit, which serves commercial and government … Read more