25.09.201700:37:00UTC+00Uber Seeks Dialogue with London Regulator to Renew License

Uber is willing to make concessions in order to ensure the renewal of its London operating license, according to the ride-hailing service's chief in the capital.

An article published by a newspaper cited Tom Elvidge stating that Uber is open to dialogue regarding the steps it can take, but said such development would require talks with Transport for London.

TfL cited several factors, such as failure to report serious criminal offenses, perform proper background checks on drivers and implementation of other safety issues as the basis for not renewing the company's license.

The move came as Labour and the U.K.'s biggest union put pressure on Uber. TfL said the firm has not met the necessary requirements to hold a private hire operator license.

Since May 2016, Uber has been asking to hold a dialogue with the Mayor of London, but those requests have been denied, sources said.

Over 680, 000 signatures have been collected for an online petition seeking to keep Uber operating in London after its license expires till the end of the month. The company has over 21 days to appeal TfL's ruling and continue to provide services in the area until the appeal process have been exhausted.