For Sale: LineOne
Well worn ISP that's failed to live up to promise. £340 million ONO. Will P/X for an old Cortina
There's speculation today that British ISP, LineOne, could be up for sale.
Bloomberg claims that United News & Media Plc and BT are to start showing a bit of leg next week to woo some interest in the ISP.
One of the reasons, it seems, is that not only does LineOne apparently leak money, it's also deemed to be "too small" to compete effectively in an increasingly competitive market. Although with 1.3 million registered users, how big does it have to be to compete?
Current estimates value the ISP at £340 million - half what it was estimated to be worth a year ago.
Bloombergreckons T-Online, Tiscali and Terra Lycos could be potential suitors for the business.
However, it seems not everyone is interested. Matt Peacock, a spokesman for AOL UK, would not be drawn on any potential bid except to say that he thought it was "not an enticing business for us".
A spokesman for BT declined to comment on market rumour or speculation.
No one from LineOne was available for comment by press time. ®