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LineOne definitely for sale

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So, the constipated wait is over - LineOne is up for sale.

Joint owners, BTopenwoe and United News & Media, today confirmed that they want someone to take it off their hands.

Apparently, both BT and United are "refocusing their businesses, and LineOne no longer fits with either company's plans".

A BT spokesman declined to say how much they wanted for the moth eaten old thing. Figures punted around at the moment suggest around £400 million.

Reg will hold a whipround this evening to see if we can scrape up enough for a bid.

Then again... ®

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