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MADRID/STOCKHOLM: European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay multi-billion dollar price tags for antennas buzzing with ever more data ahead of the advent of 5G. Faced with straitened revenue growth and stubbornly high debt built up during the last network upgrade, telecoms companies are relishing the quick cash injections they can get from selling these portfolios, or future income from spin-offs. Upgrading networks, including towers, for 5G - which promises an age of self-driving cars and brain surgery performed at a distance - will soak up some US$890 billion between 2020 and 2025, the GSMA industry body says. European operators are increasingly willing to exploit assets to help finance those build-outs. While selling towers outright brings piles of cash, many are also looking to create separate tower units or launch joint ventures with independent companies as a way to keep a chunk of potential future … [Read more...] about European telcos cash in on tower assets as high-cost 5G investment looms

SEBASTIAN VETTEL is having a garage clear-out like no other after putting some of his multi-million pound supercar collection up for sale. The four-time F1 champ has enlisted the help of supercar salesman Tom Hartley Jnr to flog the motors. Vettel, who will race for Aston Martin in F1 this season after being dumped by, Ferrari has put up EIGHT cars for sale, including a bespoke LaFerrari. Here they are in all their glory - coming in at just a shade under £5million in total. 2016 Ferrari LaFerrari - £1.5m One careful owner from new. Vettel ordered this direct from Ferrari and he has looked after the 950hp sought-after motor. It has been regularly serviced and has just 300 miles on the clock. Finished in Ferrari red, it has his own personal logo etched into the headrests. It has a Nero roof, Alcantara upholstery with Rosso stitching throughout, 4-point safety harnesses, Ferrari telemetry, integrated audio system, track inner camera kit, suspension lifting … [Read more...] about F1 star Sebastian Vettel selling EIGHT supercars worth £5million including rare limited edition Ferrari Enzo

SINGAPORE: In a country where most people do not think twice about buying new clothes, Mr Leow Yee Shiang has not bought a single piece of clothing in the past two years. The 31-year-old civil servant practises what he calls a “minimalist lifestyle”. He rarely shops, and has only bought four items for himself this year – a water bottle, socks, lenses for his sunglasses and a motorcycle plate number. What sparked the decision? Mr Leow said it happened early last year when he was packing his belongings for his return to Singapore from Australia, where he had been living with his wife for two years because of work. I got a bit fed-up as I was packing … There were many boxes. I got so angry at myself that I just started throwing away things. Among some of the items which he threw out included his wedding photo and its frame, as well as the love letters he got from his wife when they were dating. It means that he can now “focus on cherishing” their relationship, he said with a … [Read more...] about The Big Read: Taking the climate fight beyond straws and tote bags — individual actions that matter

Limited Edition Qualcomm hopes the smart watch will be a starting place for other companies; an example by which they can create their own. Apps Out of the box, Toq has support for standard features like music control, text messaging, weather, stocks calendar and email. Other features will be added on later. Light Up The Toq has an always-on display. You can light up the display by tapping on the band above the screen. Multi-Colored The Toq will be available in both white and black. Unique Watch Faces Qualcomm incorporated notifications into its watch faces. This watch face, for instance, includes stock information as well as the time. Charge It All The charging case for the Toq wirelessly charges the watch and the stereo headset. Rear Battery The battery for the Toq is on the back of the watch band in order to keep the device thin. Smart watches have become a hot topic of discussion over the past year … [Read more...] about Qualcomm Unveils Limited-Edition Smart Watch

In the trendier parts of Berlin, cargo bikes are the rage. Locals use the bicycles, which have a wheelbarrow-sized box attached at the front, to do the weekly shop or ferry children around. Because they cut carbon-dioxide emissions, local authorities are subsidising the craze. But the well-intentioned schemes look pricey when you consider how much carbon is abated. One scheme costs the city €370,000 (NZ$613,000) but is expected to reduce emissions by only seven tonnes a year. That works out at over €50,000 (NZ$80,000) per tonne abated. The equivalent figure for schemes that support the sale of low-carbon heating systems, by contrast, is €200 (NZ$330) per tonne. Over 100 countries and 400 cities (including Berlin) have promised to get to net-zero emissions by 2050 or before. Investors and regulators are encouraging companies to do the same. To meet these goals policymakers and bosses will have to pick from a menu of policies, from building wind farms to subsidising low-carbon jet … [Read more...] about What is the cheapest way to cut carbon?