London house price boom loses steam as national prices pick up

first_img Share Express KCS Sunday 21 December 2014 11:49 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org London house prices are moving at a rate more in line the rest of the UK, new data shows, while homeowners borrow more in the run up to Christmas.The average UK price was up 7.8 per cent year-on-year in November compared to 7.9 per cent in London, according to figures released today from Haart estate agents.It’s the first time in over a year in the survey that London house prices have not grown at double-digit rates. The London market is coming down quickly with a 1.9 per cent price drop from October to November, Haart’s figures show. Figures released today by property services firm LMS show homeowners remortgaged to borrow more in November. Equity withdrawal – the extra money borrowed against homes – climbed on the month, but dropped on the year.  “The average amount people have withdrawn from remortgaging has risen by 24 per cent as budgets are stretched ahead of Christmas and families require extra money to fund the cost associated with this,” said Andy Knee, chief executive of LMS.  “However, in a sign of economic improvement, this figure remains a fifth lower than in 2013 suggesting improved affordability since last year.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndocenter_img whatsapp London house price boom loses steam as national prices pick up Show Comments ▼ Tags: London house prices whatsapplast_img read more

Men don’t want mums to stay at home any more – they want childcare to be split evenly

first_img whatsapp We no longer live in a society where men expect women to stay at home and look after the children while they go out and earn the money. In fact, only 22 per cent of people in the UK still cling to this old fashioned view of gender roles, with even more men than women now desiring an even split of responsibilities – 56 per cent of men would like to share childcare, compared to 50 per cent of women.  The shift in attitudes was revealed by a survey carried out by the government’s Department for Business, Innovation and Skills, and it indicates the change will become even more noticeable with the next generation – for men considering having children in the future, 83 per cent said they would like to share parental leave.  It also reveals how much young dads of the past wish they were given the opportunity to spend more time with their children – 75 per cent of current fathers said they would have liked to take parental leave it was made available to them at the time.  “Parenting is a shared endeavour and couples want more flexibility when they are adapting to the demands of a new baby,” said employment relations minister Jo Swinson. The findings come ahead of the introduction of a scheme being introduced by the government in April this year, called Shared Parental Leave. The new rules mean parents can split 50 weeks of leave and 37 weeks of pay between them in the baby’s first year. They also let parents suggest a flexible pattern of leave to their employer and allows for up to three separate blocks of leave, but employers can agree to more. Deputy Prime Minister Nick Clegg commented: This Edwardian notion that women should stay at home while men go out and support the family has simply no place in this day and age. We need a modern Britain and a fair society that works for families, not against them.  We know that mums and dads want more flexibility and choice when it comes to juggling their home and work lives and we’re listening and taking action.    Sarah Spickernell Show Comments ▼ whatsapp Men don’t want mums to stay at home any more – they want childcare to be split evenly center_img Share Wednesday 14 January 2015 5:23 am Tags: NULLlast_img read more

China markets make swift recovery from low open, indicating possibility of state-backed buying

first_img whatsapp Show Comments ▼ After a steep fall at the start of trading, Chinese markets made a rapid recovery, with the Shanghai Composite finishing just 0.2 per cent down, while the Shenzhen Composite ended just under two per cent lower.  Meanwhile, the FTSE 100 opened slightly higher, rising 0.7 per cent to 6,100 points in early trading. Read more: FTSE closes three per cent lower as China outlook worsens The rises in China came after another turbulent day: the Shanghai Composite fell as much as 4.7 per cent as markets opened, while plunged 4.8 per cent on the opening bell. Read more: Oil prices plunge on disappointing economic data from China Given the continuing concerns over China’s economy following yesterday’s disappointing manufacturing results, analysts suggested the swift rise could be the result of Beijing injecting money into its markets by buying shares.  Michael Hewson, analyst at CMC markets, said: While we have seen a late recovery in Asia, that’s largely been as a result of some late state intervention in Chinese markets to help keep a floor under stocks, with the help of the Chinese equivalent of the plunge protection team. The official purchasing managers’ index (PMI) for China’s manufacturing sector fell to 49.7 last month – down from 50 in July. Any figure under 50 denotes a contraction in the sector. The figure, combined with poor manufacturing results from the UK and US, caused markets to decline globally. The FTSE ended Monday more than three per cent lower.  By injecting money into its markets, China will be able to provide a backdrop of improvement when it hosts its military parade in Beijing tomorrow.  At the end of Wednesday, Chinese markets will close for two days in a holiday commemorating the end of World War Two.  China markets make swift recovery from low open, indicating possibility of state-backed buying Wednesday 2 September 2015 5:59 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp Share Sarah Spickernell Tags: Chinese economy Global market turmoillast_img read more

OSC extends stay of penalties against Northern Securities execs

James Langton Facebook LinkedIn Twitter Share this article and your comments with peers on social media Keywords EnforcementCompanies Northern Securities Inc., Ontario Securities Commission Mouth mechanic turned market manipulator BFI investors plead for firm’s sale Related news The Ontario Securities Commission (OSC) has extended its stay of penalties against executives of Toronto-based Northern Securities Inc. (NSI) until next February. Back in November, the OSC granted an interim stay of penalties levied against NSI and its CEO, Vic Albioni, by the Investment Industry Regulatory Organization of Canada (IIROC), pending an appeal of an IIROC disciplinary decision against them. Initially, it stayed the penalties until Dec. 18 and scheduled a hearing for Dec. 17. On Monday, NSI’s parent company, Northern Financial Corp. (TSXV:NFC), announced that the commission has granted an extension of the interim stay until February 22, 2013. The hearing and review of the IIROC decision is scheduled to be heard by the commission on February 14, 15 and 20, 2013, it added. Earlier this year, an IIROC hearing panel found that the firm and the executives contravened several IIROC rules; and, as a result, in addition to fines and costs orders against the firm and the executives, the IIROC panel imposed a two-year registration ban on Albioni, and permanently banned him from serving as an ultimate designated person (UDP) in the industry. Last week, IIROC imposed conditions on NSI’s continued approval and membership in the self-regulatory organization, while it seeks a new carrying broker arrangement; as its existing carrying broker, Penson Financial Services Canada, is closing up shop at the end of the year. The conditions include a requirement that it reach an agreement with another dealer by the end of the year to transfer of all of its client accounts from Penson by Jan. 15, 2013; that it cease any sales and advisory activity for retail or institutional customers by the end of the year; and, restrict itself to mergers and acquisitions, research and corporate finance. It was also required to inform clients about the ongoing search for a new carrying arrangement. PwC alleges deleted emails, unusual transactions in Bridging Finance case read more

Canadians wary of income tax security even before Heartbleed bug hit: report

first_img Tax tips for self-employed clients The bug forced the agency to suspend its online tax-filing system on April 8, the height of tax season, and led to the theft of about 900 social insurance numbers from Canadians who had used the service. The major security breach happened shortly after a focus-group project asked Canadians whether they would use new online services allowing them to submit receipts and other documents electronically, and to transfer money directly to the government online. “The only concern mentioned with some frequency … was security of personal information,” says a March report, commissioned from Phoenix Strategic Perspectives Inc. for $53,000. “Participants queried the secureness of the service and wondered about the potential for security breaches and loss of privacy.” The agency is examining whether individual Canadians would use a payment system that allows money to be sent directly to the government without a financial institution as an intermediary, as is done by some businesses already. Many participants told Phoenix they did not trust the Canada Revenue Agency, and worried the government could access private financial information or even withdraw money without approval. There was more support for the online document-transfer service, but concerns about security remained. A spokesman for the agency says the theft of the 900 social insurance numbers has apparently not led to any further crime. “To date, the CRA has no evidence of fraud or theft in relation to any taxpayer affected by the compromise of CRA systems,” Philippe Brideau said in an email. “The agency has also applied additional protections to the CRA accounts of all affected individuals to prevent any unauthorized activity.” Brideau said almost a million tax returns were filed in the first 24 hours after the online service was restored April 13, when a Heartbleed patch was finally installed. The total number of returns filed online as of last week is over 21 million, or 80 per cent of all returns received, compared with 76 per cent last year. The agency hit the 80 per cent threshold earlier than its 2016-17 target. “Clearly, taxpayers have confidence in the security of CRA’s online services,” he said. Brideau added that the Heartbleed episode has not delayed or changed the agency’s plans to expand online services for individuals. The RCMP have charged Stephen Arturo Solis-Reyes, 19, of London, Ont., in connection with the Heartbleed breach at the agency. The agency came under criticism for taking more than a day to suspend its online service after learning of security warnings about the bug. The Canada Revenue Agency has been pressing more Canadians to use the online filing service largely because electronic returns cost only 80 cents to process, compared with $3.20 for paper returns that must be manually keyed or scanned. The Internet bug known as Heartbleed that surfaced in early April hit the Canada Revenue Agency just as it was trying to expand its online services for individual taxpayers. Focus groups consulted in the weeks before word of the bug triggered a five-day shutdown of income-tax servers suggest Canadians were already wary of online security at the agency. Related news Federal budget bill includes changes to stock options, annuities, mutual fund trusts Share this article and your comments with peers on social mediacenter_img Keywords Income taxes,  Information security Facebook LinkedIn Twitter Dean Beeby IRS announces filing extension for 2020 tax returnlast_img read more

Hospitality businesses rush Check In Qld app before May 1st deadline

first_imgHospitality businesses rush Check In Qld app before May 1st deadline JOINT STATEMENTThe Check in Qld app is in great demand.Over 1.9 million Queenslanders have already downloaded it and are actively using the public safety device which is now a crucial frontline tool for containing any future COVID-19 outbreaks.Premier Annastacia Palaszczuk said everyone involved with the roll-out of the simple to use, free Check in Qld app deserve a big thanks.“Since going live in February more than 22,390 businesses have embraced it and got firmly behind this effort to keep Queenslanders safe,” the Premier said. “It has already proven a game changer. Queensland Health contact tracers used it to immediately identify any close or casual contacts during the recent Covid-19 clusters.“While the response has been great, I remind those hospitality businesses that haven’t already signed up to do so now. From May 1 it will be compulsory for all involved in this sector to be using the Qld Check In app.“Now is not the time to delay.“The more general businesses participating, the better off all Queenslanders will be, and we can be even more confident in Queensland Health’s access to information to do contact tracing.“Immediately after announcing last month that the Check in Qld app would be mandatory for hospitality businesses more than 1000 businesses a day began signing up and we expect the momentum to continue through to the May 1 deadline.”The Premier said, as of Friday Queenslanders had scanned the app 10 million times when out and about.The app can be downloaded at participating businesses or the Apple and Google app stores.Minister for Digital Economy Leeanne Enoch said it is wonderful to see the widespread take-up of the app.“It’s great to see such strong support for the app from Queenslanders and the business community, and it is still the number one free app in Australia on both Google and Apple, which is incredible,” she said. /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:app store, Apple, Australia, business, community, covid-19, digital, Economy, Google, Government, health, Minister, Palaszczuk, Premier, QLD, Queensland, Queensland Health, Safetylast_img read more

Alcoa to investigate low emissions alumina

first_imgAlcoa to investigate low emissions alumina Australian Renewable Energy Agency (ARENA)On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $11.3 million in funding to Alcoa of Australia Limited (Alcoa) to demonstrate technology that can electrify the production of steam in its alumina refining process using renewable energy.Australia is the world’s largest exporter of bauxite and one of the largest exporters of alumina accounting for 15% of global alumina refining capacity. Alumina refining is an energy intensive process that uses high pressure steam to produce the heat required to process bauxite into alumina. Alumina can then be converted to aluminum in a smelting process. In 2019, alumina refining accounted for over 14 million tonnes of carbon dioxide in Australia, which represents approximately 24% of Australia’s scope 1 manufacturing emissions.The first-of-its-kind deployment in Australia is planned to be undertaken at Alcoa’s existing alumina refining facility at Wagerup, Western Australia. Approximately 70 per cent of the total fossil fuels consumed in alumina refining relates to the production of steam in boilers. Mechanical Vapour Recompression (MVR) is a potential alternative to produce steam using renewable electricity. MVR recompresses waste steam that would otherwise be exhausted to the atmosphere and recycles it in the refining process. This technology has the potential to improve efficiency, reduce costs and reduce emissions. Alcoa’s main objective for the project, the total cost of which is $28.2 million, is to demonstrate the technical and commercial feasibility of using MVR powered by renewable energy to produce process heat. Stage 1 of the project will investigate the feasibility of integrating MVR at the refinery. If proven feasible, for Stage 2 of the project, Alcoa will deliver a 3 MW MVR module, powered using renewable energy at the Wagerup Alumina Refinery. The Australian Government’s first Low Emissions Technology Statement highlights the importance of developing a low emissions steel and aluminium industry to help reduce emissions and stimulate economic activity. Innovation in metals refining can improve the competitiveness and emissions intensity of Australia’s steel and aluminium production.ARENA CEO Darren Miller said this exciting project was a significant step towards making low emissions alumina, and an important step towards decarbonising metals production. “It’s great to see companies like Alcoa take the initiative to create a pathway to reduce their emissions in what is an energy-intensive hard to abate process.”“This technology represents an opportunity to electrify a refining process that is currently powered by fossil fuels using a renewable solution which addresses our investment priority of helping industry to reduce emissions, as well as the Government’s Technology Investment Roadmap. This is an important step on the pathway towards green aluminium in Australia.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. 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:arena, atmosphere, Australia, Australian, Australian Government, Australian Renewable Energy Agency, carbon dioxide, efficiency, electricity, Government, production, renewable energy, technology, Technology Investment Roadmap, Wagerup, Western Australialast_img read more

Portmore Tries “TIKI TIKI” to Control Mosquitoes

first_imgPortmore Tries “TIKI TIKI” to Control Mosquitoes AgricultureDecember 19, 2011 FacebookTwitterWhatsAppEmail KINGSTON — Residents of Waterford, Portmore, St. Catherine, should begin to see a reduction of their mosquito nuisance over the next few weeks, as a biological control programme progresses. As part of the experimental phase of this programme, some three to four thousand  Gambusia specie of the mosquito eating fish, known locally as the ‘Tiki Tiki’, were deployed in a drain on Adair Drive to feed on mosquito larvae on Friday (December 16). The fish, bred by the Aquaculture Branch of the Ministry of Agriculture’s Fisheries Division, is part of a batch of 10,000 to be released in the drain over the next three days. The Ministry’s supply and deployment of the fish, is in support of the work of the Portmore Municipality’s mosquito control programme, whch is being undertaken in collaboration with the Ministry of Health, through the St. Catherine Health Department.  Minister of Agriculture and Fisheries, Hon. Robert Montague, who assisted with releasing the fishes, said that the deployment was in addition to what was already bred in the water, and that the continued release will ensure that the fishes will be able to eat the mosquito larvae faster than they can breed. He said that the experiment to reduce the mosquito population, was being undertaken before “we roll out” a fullscale programme in Portmore. “We are hoping that the citizens in this area will see, in another month or two, a reduction in the mosquito population, and then we will be able to roll out this programme across Portmore,” he said. He added that the St. Catherine Health Department had conducted a survey, which showed the major breeding sites for mosquitoes in the area, and the Waterford drain was chosen as one of the points to do the experiment. Mr. Montague noted that, within two weeks, the St. Catherine Health Department will conduct another survey, to see how well the experiment is working, following which, the Department will undertake spot surveys of the mosquito population every month for six months. “If this experiment is successful, which we hope it will be, and all indications show that it will be, we’ll be able to roll out more of this in the other canals and drains in Portmore, with the co-operation of the Municipality,” he said. He pointed out that the biological method has been successfully employed in countries such as Singapore to control mosquitoes, noting that it has been proven that the fish can survive in saline and stagnant water, and in very harsh conditions. “They are also very territorial. So that once they are flushed, in case there are heavy rains, they will go out to sea and they will come back into the drain,” he explained. Some $50,000 allocated to the programme, has been used up in the breeding process. “We will be looking at upping the pace of the breeding of the fingerlings (young fish), then we harden them and then we release them,” Mr. Montague said. Mayor of Portmore, Keith Hinds, said he was happy to see the project come to fruition. He commended Mr. Montague for pushing it from “a year and a half ago”, when he was Minister of State with responsibility for Local Government. He was grateful for the assistance from the Ministry, noting that fogging alone could not solve the mosquito problem in Portmore. Director of the Aquaculture Branch, Avery Smikle, said the Fisheries Division was happy to co-operate with the Portmore Municipality and the Ministry of Health, in finding a possible solution to the problem of mosquito infestation in Portmore. “It is our hope that the fish released here today will begin to play their part (in) the entire ecological system, to assist in reducing the amount of larvae in the drains and canals,” she said. Senior Public Health Inspector in the Vector Control Unit of the St. Catherine Health Department, Simeon Bromfield, said the natural, or biological, control of mosquitoes is encouraged, as fogging only takes care of adult mosquitoes. Due to its flat topography and extensive drainage systems, communities in Portmore are plagued by mosquito infestation, primarily due to stagnant water contributing to infestation. RelatedPortmore Tries “TIKI TIKI” to Control Mosquitoes RelatedPortmore Tries “TIKI TIKI” to Control Mosquitoes RelatedPortmore Tries “TIKI TIKI” to Control Mosquitoes Advertisements By Alecia Smith-Edwards, JIS Reporterlast_img read more

GSMA calls for Indian spectrum reserve cuts

first_img Related Tags Author Tim Ferguson AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 MAR 2013 Home GSMA calls for Indian spectrum reserve cuts GSMA lays out plan for MWC21 Previous ArticleVodafone’s 2G extension plans blocked in IndiaNext ArticleReport: Canada’s Wind Mobile up for sale Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter… More Read more La GSMA reclama el uso de la banda de 6 GHz para la 5G GSMA director general Anne Bouverot called for the Indian government to “focus on the longer term” in setting reserve prices for spectrum rather than seeing it as “a means to raise short-term revenues”.Bouverot said that the lack of bidders for 900MHz and 1800MHz spectrum, and the single bidder in the 800MHz auction earlier this month, is “a clear signal that mobile operators are not willing to pay unreasonably high prices for spectrum”.With new auctions for the three spectrum bands due to take place later this month, Bouverot reiterated the GSMA’s call for the Indian government to create “a healthy business environment where the mobile industry can invest with confidence”.Noting that the acquisition of spectrum is merely the first step before investment is made into networks, Bouverot said that unreasonably high reserve prices leads to unsold spectrum, delays in the introduction of services and an increase in consumer tariffs.“We call on the Indian Government to restore a sustainable environment for investment in telecoms and continue the success story of mobile, which has already had a transformative impact on the country’s society and economy over the past decade,” Bouverot said. GSMA seeks 6GHz boost for 5G Anne BouverotGSMAIndianRegulatorylast_img read more

Merger uncertainty weighs on US Cellular strategy

first_img Previous ArticleGoogle boosts wearables play with $2.1B Fitbit buyNext ArticleKDDI profit jumps on mobile upswing Author Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Home Merger uncertainty weighs on US Cellular strategy AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 01 NOV 2019 Related US Cellular CEO Kenneth Meyers noted uncertainty arising from T-Mobile US and Sprint’s proposed merger had resulted in difficulties securing new partnerships and planning for the future, as the operator revealed a drop in net income during Q3.On its earnings call, Meyers said US Cellular is evaluating ways to build value, “discussing how else we could either use our network, or partner up and serve some other network’s needs”.But he noted the “ability of other parties to commit is muddy at best” until the looming deal is resolved. “Everybody’s looking at the same board saying if this happens go this way, but if that happens maybe go a different way. And we’re still waiting for that.”The comments came as US Cellular posted Q3 results in which revenue grew 3 per cent year-on-year to $1.03 billion but net profit attributable to shareholders fell from $35.7 million to $23.4 million.It lost 19,000 post-paid subscribers in the recent quarter, compared with 1,000 in Q3 2018, which Meyers attributed to slow activity in July and August, and connected device defections.Spectrum needsAs the operator aims for 5G deployments in early 2020, Meyers reiterated the need for mid-band spectrum.But CTO Michael Irizarry said not all bands are created equal, noting key differences between the 3.5GHz (CBRS) band recently unlocked by regulators, and the 3.7GHz and 4.2GHz (C-Band) range currently under consideration.“CBRS is not an alternative to C-Band. There’s not enough of it and currently the power levels are significantly less than what’s planned for C-Band. So while it has a place in our 5G strategy, we view C-Band as critical to offering high speed and capacity in the less dense areas.” Subscribe to our daily newsletter Back Diana Goovaerts FCC mulls 12GHz band for mobile use Telkom Kenya, Airtel clear to restart merger talks Tags Ericsson on mission to tackle Africa spectrum gaps mergerspectrum allocationUS Cellularlast_img read more