Feeds

One2One price scares off bidders

Suitors back off leaving way set for a float

  • alert
  • submit to reddit

Internet Security Threat Report 2014

The sale of mobile network One2One has run aground as potential buyers, France Telecom and Mannesmann, question the asking price. The company failed to spark enough interest at the current price to complete a trade sale, so it now look set for a float. Perhaps One2One's most attractive feature is that it is practically guaranteed one of the five licenses that will be issued nest year for the next mobile services generation. It has average revenues of £480 million per year, a big chunk of the radio spectrum and can handle 130 million calls a week. What more is an operator to do to get itself bought? Well, it could lower the asking price, according to analysts. The company also has debts of £1.5 billion and continues to make a loss and yet was priced at £11 billion. Speaking to the Financial Times today, Paul Sharma of Investec Henderson Crossthwaite said: "One2One would trade at a discount to Orange, which has overseas assets. We would expect it to be valued at up to £7.5 billion." Those extra billions make a big difference. In beer tokens, that is over a billion beers, even at central London prices. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.