Feeds

Fujitsu sloshes £800m into lukewarm UK pension bathtub

Bumpkin broadband? Bah, urban pipe is where's it's at

The essential guide to IT transformation

Fujitsu has announced plans to pump £800m into its British business. The Japanese tech giant was last seen dropping out of the race for £530m in taxpayers' cash to install broadband in Blighty's countryside.

The Financial Times reported this morning that the company had decided to invest in the UK wing of the corporation, which has 14,000 staff.

Fujitsu signalled to The Register last week that it will concentrate on bidding for slices of the government's £150m pot of cash set aside to improve city broadband. The tech giant was flagged as "high risk" by some government departments shortly before the company left the race for the half-a-billion-pound subsidy for rural fibre rollouts.

But the company told the FT today that it is growing in the UK public sector particularly in defence and national security. According to the report, Fujitsu will halve the deficit across three of its pension schemes in Britain by injecting £800m into the UK and Ireland business.

Over the past 13 years, the company has apparently pumped £3bn into its Brit biz. In 2012 it spent £40m, of which £14m was splashed on research and development.

Fujitsu's UK boss Duncan Tait told the pink 'un that his firm planned to invest in infrastructure and operations. The company is also said to be eying possible acquisitions.

A spokesman at Fujitsu told El Reg last week that its biz tactics in broadband investment in the country had shifted. He said: "Our focus now is very much on urban and city opportunities with our partners such as CityFibre Holdings."

These are potentially crucial public-sector opportunities Fujitsu won't want to miss out on, considering the Chancellor's lack of financial support offered to the British technology market during his bleak Budget Statement to MPs last week. ®

Next gen security for virtualised datacentres

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?