Uber Technologies is facing an uphill struggle to secure a long-term licence from London's transport regulator little more than a year after it was forced to go to court to overturn an outright ban.
Uber, the world's best-known ride-hailing service, is privately expecting its application for a permit from Transport for Licence (TfL) to result in the awarding of another short-term licence.
Industry sources said this weekend that New York-listed Uber had little chance of being granted the full five-year term when a probationary period expires towards the end of next month.
Instead, the company, which has a market value of $68.5bn (£56.3bn), is understood to be resigned to getting a further temporary extension of under two years.
Such a decision would be a blow to Uber, which is used by millions of Londoners and roughly 40,000 drivers in the capital.
One source said that a further 15-month or 18-month licence would underline the extent of the task facing Uber and its chief executive, Dara Khosrowshahi, as it seeks to persuade international regulators that it is a responsible corporate citizen.
TAXI LEAKS EXTRA BIT :
So what has happened to make Uber think this way?
What have TfL told them to make them think a five year license isn’t on the table ?
Are TfL hedging their bets, worried about the consequences of a court date which is getting closer, from the UTAG action against them.
Every Cabby needs to get behind UTAG.
If you want to see TfL taken to task for what they have done to the Taxi trade, click the link below and donate what you can afford.
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