World Bulletin / News Desk
Britain's biggest mobile operator EE said on Wednesday it would launch the country's first superfast mobile broadband service at the end of October.
The joint venture between France Telecom and Deutsche Telekom unveiled a new brand, EE, and details of the service last month, but did not announce a start date while the threat of legal action from rivals persisted.
Britain's other operators had argued that EE had an unfair advantage because it could reuse its existing spectrum for superfast broadband, while they had to wait for new spectrum to be auctioned next year.
That threat receded on Tuesday when the industry, the regulator and the government agreed a deal to speed up the auction and availability of new airwaves.
"We are delighted to announce that the official launch of our new customer brand, EE, offering the UK's first superfast mobile 4G and fibre broadband service, will take place on 30 October," EE said in a statement.
"This is a significant milestone for the United Kingdom, and for the people and businesses of our country who will now be able to enjoy the huge advantages of superfast 4G technology for the first time."
EE will launch 4G in 10 cities on Oct. 30, and will cover 16 cities - a third of the UK population - by the end of the year. It will hope to gain an advantage on its rivals with the offer of the iPhone 5, which launched last month and can run on 4G networks.
Apple, Microsoft, Alphabet, Cisco and Oracle hold about $504B, approximately one-third of all corporate cash in the United States
The Fund's head says 'corruption has a pernicious effect on the economy'
Exit would cost average monthly salary for each household, Organization for Economic Cooperation and Development says
Firms to see deterioration in credit metrics as low oil prices impact cash flows
OPEC exporters as well as other non-OPEC producers, including Russia, fail to agree on oil output freeze
Moody's has upgraded Argentina's credit rating after a US appeals court ruling this week cleared the way for Buenos Aires to proceed with the biggest debt issue by an emerging market country in 20 years.
Ahead of Doha meeting, OPEC says 'hurdles prevail as oversupply persists and inventories remain high'
Kuwaiti OPEC head says Russia and OPEC are likely to agree on oil output freeze
'The good news is that the recovery continues; we have growth; we are not in crisis,' Christine Lagarde says
The meeting is a 'follow-up' to last month's talks between Qatar, Russia, Saudi Arabia and Venezuela when they proposed an accord to freeze oil output at January levels
'They are not trimming output, only keeping it at the same levels...this is the same unchanged policy,' one expert says
Iran joining Venezuela, Saudi Arabia, Qatar and Russia in freezing oil output levels
According to the ratings agency Moody’s, Iran is fiscally and structurally well placed to come back into the global economic scene
PM Davutoglu meets the heads of the world's largest companies as he promotes Turkish economic interests at World Economic Forum
Fund cuts global growth forecasts for both 2016 and 2017 by 0.2 percentage points
'Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population'