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New research by Onecom has revealed SMEs on average spend £2,052 a year on telecommunication services, an increase of as much as 40% since 2016. Onecom believes this increase has been largely driven by the need for SMEs to keep pace with new emerging digital services such as cloud, the Internet of Things, advances in...
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Apple is currently the third biggest supplier of smartphone handsets to the international market, but has fallen far behind in the race to release a 5G compatible handset US tech giant Apple is reportedly mulling the idea of releasing three 5G compatible iPhones next year, according to reports in the press. A report in the...
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A new, digital revolution might be about to hit us. Autonomous cars are driving our way, cities and companies are rapidly ramping up the use of sensors—also called the Internet of Things (IoT) – and virtual and augmented reality are making rapid strides. But in order to build all of this we’ll need the fifth...
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Lease Telecom’s Managing Director, James Phillips, answers key questions from the channel in an interview with Mobile News Magazine. Read the full feature here. 1) What factors are driving device finance and leasing? In terms of the Partner channel, increased hardware costs have caused network providers to address the way they pay commissions, and for...
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Before the days of sophisticated mobile phones, or ‘smartphones’ as they are now known, the cost of acquiring the latest models rarely broke the bank. 10 years ago, even the most premium of premium handsets would retail for no more than £450. The all-inclusive network contract also took care of financing these devices. It was...
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Companies using IFRS accounting standards, which include all listed companies, are now in the process of ensuring that they comply with the new regulation, IFRS 16, which stipulates that the value of leased assets and all associated payments due are shown on company balance sheets. The new rules applied from 1 January 2019 and the...
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Telecoms equipment (telephone switchboard, landline telephones, business smartphones etc.) are essential to running a company, whatever its size. For this type of equipment and others, the question is: is it smarter to buy or rent? Here are the advantages offered by the latter, particularly in view of the specific features of telecommunications devices. 1. LIMITING...
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Lease Telecom, the market’s leading funder of smartphones for business, has launched its device trade-in service, offering £500 cashback per device via it’s Partner portal. Partners can initiate trade-in requests at the click of a button, with little to no effort required from either Partner or end user. Via a dedicated Trade-In section of the...
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The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. Under the new standard, companies will recognise new assets and liabilities, bringing added transparency to the balance sheet. At present, many analysts adjust financial statements to reflect lease transactions that companies hold off-balance sheet. For the...
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Philip Hammond presented his budget on 29 October 2018 against a backdrop of relatively slow economic growth but with something of a windfall in terms of unexpectedly high tax receipts during the past twelve months. A significant spending commitment had already been pledged to the NHS and Theresa May had promised an end to ‘austerity.’...
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