Feeds

One2One price scares off bidders

Suitors back off leaving way set for a float

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

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. ®

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
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.
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.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?