In London they sell a phone booth as an office for $ 65,000

A traditional red phone booth has hit the market in London for £ 45,000 (US $ 65,000), up nine times the price of a family home in the London borough of Hartlepool.

The 100-year-old cabin advertises itself as an office despite covering less than 1 square meter.

Its dazzling price tag is more expensive than a family home in some parts of the country, like Hartlepool, where three-bedroom homes can sell for $ 45,000 and there’s currently one on the market for just 7,000, he says. Daily Mail.

The iconic booth is advertised on Rightmove and is one of only 224 remaining red phone booths in the UK (BidX1 Commercial).

The famous British telephone boxes were designed by Sir Giles Gilbert Scott, the architect behind some of the best-known British buildings, such as the Battersea Power Station, the Tate Modern, and Liverpool’s Anglican Cathedral.

The booth is so small that the ad for the selling company, Rightmove, does not offer a floor plan and the ad reads: “Own an iconic piece of British heritage located in the city. Run your own business, advertising potential or alternative uses. The electricity is connected. “

Included in the sale price will be a new coat of paint for the buyer says Daily Mail.

CABINS FOR ALL USE

The notice adds: “Historic England has been listed to preserve these iconic red canines, and many have transformed them into cafes, libraries, museums, bakeries, florists and defibrillators.”

Between 1926 and 1935 1,700 cabins were installed and the total number of survivors was just 224 in the UK, it says Daily Mail.

The notice of sale of the telephone booth (BidX1 Commercial).

The notice of sale of the telephone booth (BidX1 Commercial).

Describing its location, the ad adds: “The City of London is a historic financial district, home to the Stock Exchange and the Bank of England. Modern corporate skyscrapers tower over the remnants of medieval alleys below.”

To add more appeal they add: “Wealthy workers frequent its elegant restaurants and bars. The booth is located on the west end of Austin Friars at its intersection with Cophall Avenue and Throgmorton Avenue, immediately across from the BlackRock offices.”

THOSE THAT REMAIN FOR SALE

The phone booth is being marketed by BidX1 Commercial, which is auctioning several of them across the UK, says Daily Mail.

They have four more in central London, all expected to cost around U$S 60.000 a 65.000.

Another is being auctioned in Nottingham for $ 45,000 and others in Bournemouth, Devon and Southport for $ 10,000 to 30,000.

Phone booths have previously been turned into libraries, coffee shops, and even a take-out fast food restaurant.

Tayyab Shafiq, 25, opened a take-out business in a red phone booth on London's Uxbridge High Street (Tayyab Shafiq).

Tayyab Shafiq, 25, opened a take-out business in a red phone booth on London’s Uxbridge High Street (Tayyab Shafiq).

An auction spokesperson confirmed that all of the currently listed phone booths are owned by a single customer and one was already sold in Edinburgh last month for $ 30,000, he says. Daily Mail.

Mat Harris, director of BidX1said: “We are delighted to have sold twelve of these beloved red cabins on our digital platform. Buyers have acquired an iconic piece of British heritage through a very modern sales method.”

And he closed: “I am looking forward to seeing how the new owners put their own stamp on these distinctive red cabins, either a coffee shop, bakery, defibrillator, or miniature art gallery“.

The auction will take place on May 26.

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Xiaomi prepares global launch of Note 10S

Although it is known that it will arrive in Mexico, the date is still unknown

At the beginning of April Xiaomi introduced several smartphones from the series Redmi Note 10, among those the Redmi Note 10S. He has now confirmed that they will soon be available internationally.

In China the team has already been presented but in Mexico it has not yet arrived. Although the exact date is unknown, given that the launch said it would be in April, the brand on Twitter confirmed that international availability is approaching. Since we are just over the middle of the month, there are only two weeks left for it to be released. The only certainty is that it will be for sale at Telcel, COPPEL, AT&T, Claro and Telefónica.

Among the features of this equipment are a 64 MP (f / 1.79) main camera, 8MP ultra-wide camera and two 2MP sensors for macro and depth plus a 13MP front camera.

It uses MediaTek Helio G95 processor, 6.43-inch AMOLED screen, 5,000 mAh battery with 33W charger. With a capacity of 64 GB or 129 GB of storage and 6GB and 8 GB RAM plus side fingerprint reader. It is believed that later this month or possibly in May it will launch at a price equivalent to $ 154 USD.

With information from Gizchina

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Telefónica and Santander have clauses to minimize the impact of the Super League on their investment in the Champions League and League

Related news

The announcement of twelve European football clubs to launch the Superliga It has generated a sporting and financial earthquake in all teams, national teams, federations and players on the continent. An impact that fully affects sponsors and the current owners of the television rights of the Champions League.

In Spain, the two most exposed companies would be Telefónica and Banco Santander. The first is the owner of the television rights for the next three seasons and the second is one of the main sponsors of the Champions With Nissan, Play Station, Gazprom, Lays, Mastercard y Expedia.

Real Madrid, FC Barcelona, ​​Atlético de Madrid, the six most important teams in the United Kingdom (Arsenal, Chelsea, Manchester United, Manchester City, Liverpool y Tottenham), and the three historical ones of Italy (Juventus, Inter y Milan) want to launch their own championship, de facto renouncing to participate in the current Champions.

This means that in practice, the future Champions will not have the most powerful teams on the continent, making it less attractive, depowering the product and considerably reducing the value of television rights and sponsorships.

However, the sources consulted by Invertia indicate that all rights owners and sponsors of the Champions they have signed clauses in their contracts that allow them to minimize this economic impact.

Telefónica buys the Champions League

In this way, if the conditions are not met, that is, if the Champions is replaced by this Superliga or if you continue to play without your most relevant clubs, there are clauses that allow you to receive compensation or reduce future payments.

In this sense, from the Champions an unofficial call has been made to all operators and sponsors, indicating that their investments will have practically no economic impact, regardless of the outcome of this conflict.

Telefónica closed in the summer of last year the agreement with the UEFA to keep the television rights of the Champions League for seasons 2021-2024. In the last three years, Telefónica has also been the owner of these rights in Spain.

The price of the agreement is 975 million euros –325 million euros a year-which includes the Champions League, but also the Europa League, Europa Conference League and UEFA Youth League for these same courses. The final price is a 15% discount compared to the initial price.

In the case of Santander, the company is one of the main sponsors since 2018 at the rate of about 50 million a year. This contract expires this June and the new conditions make it difficult to renew it.

Spanish league

However, the impact of Superliga It could also have an effect on local leagues. Specifically, in the case of Spain, if UEFA’s threats are carried out, Real Madrid, FC Barcelona and Atlético de Madrid They could be left out of the local competition and in the best of cases – if there is an agreement – they would have to give up the weekends to the matches of the new competition.

A new situation before which Telefónica -which owns the rights in Spain- and Santander-title sponsor de laLiga- would also be covered. The mechanism would be similar since any contractual change in the conditions would be cause for adjustment in the economic conditions.

In the case of Telefónica, its rights expire this season although it is preparing for a new auction starting in September. A new process in which depending on what is resolved with the Super League, it will be more or less onerous. If the new conditions go against the championship, the local price to pay will be lower. Everything is open.

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UK Gives Provisional Green Light to Merger of O2 and Virgin, Key for Pallete | Companies

Relief for Telefónica in the UK. The British competition authority, the CMA, has given a provisional green light to the merger of O2, the British subsidiary of the Spanish company, with Virgin Media, owned by the American LIberty Global. The operation is valued at 35,800 million and will create a telecommunications giant in the country, which with 46 million lines, between mobile, fixed broadband and television, seeks to threaten the historical leadership of BT. For this reason, the authorization of competition is key.

“A thorough analysis of the evidence gathered during our investigation has shown that the agreement is unlikely to lead to an increase in prices or a reduction in the quality of mobile services, which means that customers should continue to benefit from strong competition.” , has indicated the CMA. The competition authority, in this case the European Commission, has already thwarted a key operation of Telefónica O2, its sale to Hutchison in the spring of 2016.

Like the former, the integration of O2 and Virgin is key to the plans of the Spanish company and its president, José María Álvarez Pallete, in reducing debt. With the operation, teleco foresees a debt reduction of between 6,300 and 6,652 million euros, and an initial payment of 6,500 million euros. At the end of 2020, Telefónica’s debt was around 35,000 million, although the teleco pointed out that, with the pending operations, the merger of O2 and Virgin, and the sales of Movistar Costa Rica and the Telxius towers to American Tower, indebtedness would be around 26,000 million.

The operation was announced in May last year, in the midst of the pandemic, and a few months later the United Kingdom asked Brussels for the operation’s file, in view of its characteristics and the end of the post-Brexit transition process.

The CMA has indicated that its analysis has not focused on possible duplications in the retail markets, without considering whether the operation may reduce competition in the wholesale market, that is, in the rental of services to third-party operators.

Virgin rents lines to operators such as Vodafone or Three to complete its own networks, while O2 rents its network to alternative mobile operators. The CMA feared a price hike in these areas, but has provisionally ruled out this possibility, indicating that customers should continue to benefit from strong competition.

The final approval could take place during the month of May, according to industry sources, who point out that it is highly unlikely that the CMA could change the direction of its decisions. From the outset, Telefónica’s management has demanded approval without conditions, recalling that, in 2015, the United Kingdom gave the green light to a very similar transaction, the purchase of Everything Everywhere by BT, also without setting conditions.

Both partners have worked with that conviction. In fact, already in the second half of 2020, they completed the recapitalization of the joint venture, with the raising of more than 6,100 million euros between credits and bonds. Last week, Telefónica and Liberty announced the management structure of O2 Virgin Media. Thus, Lutz Schüler, from Virgin will be the CEO of the new operator, while Patricia Cobián, financial director of O2, will occupy the same position in the joint venture.

In addition, Liberty Global has accelerated in recent weeks the segregation of Virgin Media’s business in Ireland, which was not part of the agreement with Telefónica.

Telefónica and Liberty have argued that the merger combines the mobile strength of O2, with an ambitious 5G deployment, and the weight of Virgin Media in fixed broadband. One of the promises of both partners is the acceleration of the deployments of the next generation infrastructures, both mobile 5G and fiber. In this case, the Spanish group has highlighted that it will contribute its experience in the deployment in markets such as Spain and Brazil.

Telefónica shares started the session with slight decreases, amid the doubts that surround the markets. In the first minutes of trading, they are left around 0.7%, up to 3.71 euros. Various analysts have agreed that the approval of the merger of O2 and Virgin Media should be a catalyst for the recovery of the matildes.

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Movistar offers the familiar configuration for your Apple Watch

Movistar offers the familiar configuration on the Apple Watch, putting the Communication, health, fitness and safety features of the Apple Watch within reach of children and the elderly in the house who don’t have an iPhone. For the first time, parents can configure their children’s Apple Watches from their iPhone so they can talk on the phone and use messages with family and friends, move more with personalized activity goals, and express their creativity using personalized Memoji.

Family settings make it possible for the whole family to benefit from important Apple Watch health and safety features such as SOS Emergency and use Maps, Siri, Alarms and the App Store without the need for each person in the house to have an iPhone. Parents can rest assured that they can contact their children and see their location while their personal data is kept encrypted.

For the little ones and the oldest of the house

The little ones and the oldest of the house that use the family configuration will have their own phone numbers in separate data plans, They only have to configure the mobile data of the watch with a Movistar plan.

To use the new family configuration, currently, it is necessary to register an additional Movistar M line (€ 7.5 / month with VAT, includes 5 GB and 50 minutes), which is the most suitable for the uses of the clock.

In the near future, Movistar will offer the possibility of configuring any Movistar contract line that the entity’s clients have available on the clock. The only requirement will be that the iPhone line and that of the Apple Watch are from the same owner. Movistar makes the most advanced technology available to everyone without leaving home. The configuration of the mobile data of the Apple Watch is an ‘online’ process that is carried out from the iPhone itself and the result is the download of an eSIM for the watch, according to the chosen configuration.

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Telefónica meets with the EU to see the impact of Brexit on the merger with Liberty

Telefónica had a meeting less a month ago (last October 19) with staff from the European Commission in order to assess the impact that Brexit may have in your operations, specifically with the merger with Liberty (Virgin Media), on which the regulatory authorities have to comment imminently.

The representatives of the telecommunications company run by Jose Maria Alvarez-Pallete held the meeting with María Inmaculada López Martínez, member of the cabinet of Josep Borrell, vice president of the European Commission in charge of coordinating the foreign action of the European Union, as reflected in the transparency document of the meeting, to which he has had access Vozpópuli.

The matter dealt with was, as reflected in the aforementioned document, “discuss the possible Implications that the Brexit negotiations may have on Telefónica“The news comes at a time when Boris Johnson, the English prime minister, and Ursula Von der Leyen, president of the European Commission, have given each other until Sunday to try to circumvent a Brexit with tariffs, more tough than expected Negotiations have revealed differences that, for the moment, seem insurmountable.

During the meeting, the operator’s representatives asked the members of the European Commission how the current situation of tension could affect around Brexit at the close of the deal with Liberty. Brussels officials assured the delegation that “there does not have to be any delay in the operation”, as this media has learned.

This is not the first meeting around the merger with Liberty held by Telefónica within the European Union. Last May, he held another meeting with representatives of the European Commission in which they also discussed the merger with the British operator.

The alliance will allow O2, Telefónica’s brand in the United Kingdom, offer telecommunications services together with Virgin Media. Telefónica, which only has mobile telephony in the region, would be complemented by the Liberty subsidiary, which has broadband and television – but not mobile telephony services. Both corporations want to close the operation as soon as possible. In the UK, the converged packet market is not yet mature. Starting to offer services as soon as possible is an interesting competitive advantage.

Brussels transferred to London a few days ago -at the end of November- the decision to give the green light to the merger, a joint venture 50% owned by both companies. Liberty had to compensate Telefónica to close the operation with 6.3 billion euros, an amount calculated based on the debt that Virgin owns. O2 has no financial commitments, hence the compensation. The Spanish operator will foreseeably use this amount to reduce debt.

The merger will result in a giant with 34% of the market share, which will place it 2% above British Telecom, until now the leader in the United Kingdom, according to Goldman Sachs. BT has 18% of the market share, while Three has 9%.

Margallo’s son lobbies for Telefónica

Telefónica invests two million euros a year in putting pressure on the European Union to defend its interests in the old continent.

In total, the team of lobby of Telefónica in Brussels maintains four people with access to the headquarters of the European Union, located in the famous Berlaymont building: Frederick De Backer, Eduardo Lanza Saiz, Carlos Alberto Rodríguezz Cocina and José Manuel García Margallo -son of the former Minister of Foreign Affairs during the presidency of Mariano Rajoy-.

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Brussels is inhibited and leaves the merger of Telefónica and Liberty in the hands of London

Related news

The European Comission has decided this Thursday to inhibit and send to London the examination of the merger between the businesses of Telefónica (O2) and Liberty (Virgin) in the UK. As Invertia advanced, Brussels considers that the new Authority for Consumers and the Market UK (CMA) is well positioned to assess the impact of concentration on competition, since it only affects the British market after the Brexi.

The merger proposal was notified to Brussels by Telefónica and Liberty Global on September 30, and the CMA asked the Community Executive to take up the case on October 8. London alleges that the operation raises competition concerns in various telecommunications markets in the United Kingdom: specifically, in mobile services markets retail and wholesale and on the line leasing market.

Furthermore, the CMA argued in its request to the Commission that it would be in a good position to examine this transaction given that will be completed once the transition period of the Brexi and that the United Kingdom definitely leaves the single market and the customs union.

The evidence gathered by the Community Executive confirms that the operation “may affect competition in the telecommunications sector in the United Kingdom, where Telefónica and Liberty Global are currently two large operators of the market, “as reported in a statement.

The Commission has therefore decided to refer the case to London, which will deal with the matter under UK national law. As a result of the close cooperation between the CMA and the Community Executive throughout the procedure, the CMA already has all the data on this matter and the investigation will continue without interruption.

On May 7, Telefónica announced that it had reached an agreement with Liberty Global to form a joint venture 50% owned by both companies that will give rise to a telecommunications provider with more than 46 million customers and revenues of approximately 12,500 million euros.

The combination of both companies will lead to a integrated provider of fixed and mobile services stronger in the UK market, which will drive Virgin Media’s high-speed network expansion and O2’s 5G network rollout.

The transaction values ​​O2 at € 14.5 billion and Virgin Media at € 21.3 billion, both in terms of total company value. O2 will contribute a company free of debt, while Virgin Media will contribute its assets and 12.9 billion of net debt.

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The merger of Telefónica and Virgin will suffer a year of stoppage if the United Kingdom enters

Fear of dark clouds in Telefónica’s flagship corporate operation. He UK competition regulator, known by the acronym CMA, has entered the scene asking to be the one to decide on whether to give the green light to fusion of O2 and Virgin, an operation that would allow the Spanish operator to reduce its financial debt by more than 6,200 million. The British body wants to be the ‘judge’ and that the European Commission yield the witness. If so, the delay is the main fear. And this could be up to one year, which would lead to the closing of the merger in 2022.

Everything started a week ago. The teleco chaired by José María Álvarez-Pallete presented the credentials of the ‘joint venture’ to Brussels, as La Información advanced. It did so by giving some more ‘extra’ detail in the summary document, confirming that in principle it includes its percentage of the subsidiaries that it shares with Vodafone, for the management of the telephone towers, and with Tesco, for the sale of packages of mobile rates. They went to the Commission because, based on current regulations, it is the Directorate General for Competition that must give its blessing. But everyone, including the legal team of the two operators, assumed that the CMA would take action. And so it has been.

“As the merger will only affect UK consumers, and the effects will only be felt after the end of the transition period [del Brexit], It is correct that the CMA requests it, “he pointed out in his statement. That is the allegation they make: although legally today it is up to Brussels, they they believe they are the authorized voice, given the horizon of the departure of the European Union from the country led by Boris Johnson. In this way, the Commission has until November 5 to give an answer: if it authorizes the operation or if it hands over the case to its British ‘colleagues’.

In Telefónica there is a clear concern about this possible transfer of the case. And the reason is in the times. According to knowledgeable sources, this would mean up to twelve more months of waiting, as there would be a first phase of between 6 and 8 months where you should study all the documentation delivered. And the opening of a second phase would be likely, which would last a minimum of another three months but which, based on the size of the transaction, would even reach six. In a very different order of magnitude, this twelve-month period has been given in operations such as that of the online ticket resale platforms Viagogo and Stubhub, which has been stuck since December and a response is expected just twelve months later, or the entry of Amazon in the shareholding of Deliveroo.

“Transferring the case to the CMA would delay this process and our ability to move forward with improving the UK’s 5G and broadband infrastructure, while creating new jobs in the UK,” they said in a statement. joint declaration of both companies, which they insisted that the European Commission should approve “quickly” The transaction therefore “respects the rules of competition and will bring substantial benefits to UK consumers.” In both cases, there is a rush to try to extract as soon as possible all the synergies – estimated at more than 6.25 billion pounds – in the middle of a new wave of consolidation in the sector.

Brexit is a factor that distorts everything, as there is a political struggle between both parties that could affect this decision. It is true that the analysis will be bordering on the deadlines, since the transition period ends on December 31. According to sources close to the operation, the EU-United Kingdom agreement provides that the Brussels Government is competent to hear the case even if the effects are on the British market and transfer to the CMA would only be justified in case there were problems of major competition.

The background is clear. In the purchase of O2 by Hong Kong company Hutchison in 2015, which implied the reduction of competitors by merging the Telefónica subsidiary with the operator Three in the country, the CMA also made a similar attempt, claiming precisely that authority by limiting itself to the British market. There was an addition: British Telecom had decided to go to them to authorize the purchase of the mobile operator EE for 12,500 million pounds on those dates. Finally, Brussels decided to take center stage. But the country’s CNMC wanted to press for the acquisition to be overturned and proposed a series of corrective measures (known as ‘remedies’).

O2 steals few clients from Movistar: not 15% of registrations come from Telefónica

A thermometer for fusions

All the operators of the sector in Europe look to Brussels this time. And they do so at the beginning of a wave of consolidation with which the number of competitors could be reduced in the coming years. It is assumed that there will be more unions and mergers and the position marked by the Commission could serve as a thermometer for other operations that occur in the future. It would not be decisive, but it would be important. The reason: it is an acquisition within a market, a move that would have a greater facility to achieve the green light. The real challenge will come with the unions between operators of different countries with significant size.

Analysts are more optimistic. And companies (and their investors), too. One of the points in favor, and that may mark the future decisions of the competition authorities, is the ruling of the General Court of the European Union (TGUE) of last May in which overturned the decision to veto, precisely, the purchase of O2 by Hutchison in 2015. The court understood that the alleged effects on the effect on prices and on the quality of services had not been sufficiently demonstrated.

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The British regulator wants to analyze the agreement between O2 and Virgin

FILE PHOTO: A woman talks on the phone in front of an O2 store in Loughborough, UK, on ​​Jan. 23, 2015. REUTERS / Darren Staples

LONDON, Oct 8 (Reuters) – Britain’s competition regulator has asked to study the merger between Virgin Media, of the Liberty Global group, and O2, of Telefónica, instead of Brussels because any impact on consumers will be felt in the United Kingdom , which is also preparing to permanently leave the EU regulatory framework.

The two companies have agreed to merge their UK businesses creating a $ 38 billion group that will pose much stronger competition to market leader BT.

“Ultimately this is a decision by the European Commission, but as the merger will only affect UK consumers – and any effects will only be felt after the end of the transition period (of Brexit) – it is only fair that the CMA I requested it again ”, said Andrea Coscelli, top leader of the Competition and Markets Authority (CMA, for its acronym in English).

Information from Kate Holton; edited by Alistair Smout; translated by Tomás Cobos

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The United Kingdom claims Brussels the investigation of the merger of Telefónica O2 and Virgin | Companies

The British competition authority, the Competition and Markets Authority (CMA), has asked the European Commission to transfer to the United Kingdom the investigation and the final decision on the merger of O2 and Virgin Media, British subsidiaries of Telefónica and Liberty Global, respectively.

In a statement, the CMA recalls that Telefónica and Liberty notified their plans for the operation to the European Commission on September 30. Brussels gave until November 5 to make a decision.

The British authority believes that in this case, the file should be transferred to the United Kingdom because the potential impact on competition will only be in some retail and wholesale telecommunications markets in the country itself.

Furthermore, the CMA warns that, although Brussels has had a strong interest in the past to ensure consistency in various mergers in the telecommunications sector, now the Community position is no longer relevant given the imminent end of the transition period for the exit of the United Kingdom from the European Union.

The CMA indicates that the initial limit for Brussels to respond to this requirement is on November 19, 2020. The British competition regulator states that it has been in close contact with the European Commission in its investigation to date and will continue to do so in should Brussels decide that jurisdiction over the case should not be transferred.

In principle, the fact that it is the British authorities instead of Brussels who investigate the operations, would be more favorable for obtaining the go-ahead. Last May, in the announcement of the merger, José María Álvarez-Pallete, president of Telefónica, defended that the operation will not affect competition, recalling that another very similar operation, the purchase of Everything Everywhere by BT in 2015, which involved the integration of a mobile operator with a fixed broadband telecom, was approved by the British authorities with hardly any conditions.

A resolution that contrasted with the decision of the European Commission in 2016 to block the sale of the aforementioned O2 to Hutchison Three because it meant reducing the number of mobile network operators from four to three, affecting British users. This community decision, which penalized Telefónica’s debt reduction plans, came just weeks before the Brexit referendum, where UK voters voted in favor of leaving the European Union.

The official request of the CMA has done well for Telefónica on the Stock Market. Its shares rise more than 3% after noon, to 3.24 euros, and maintain the rebound of the last days, after having lost the level of three euros last week.

Faith of errors

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