Feeds

Earth Lease toys with upping BT local loop bid

Interesting, very interesting

  • alert
  • submit to reddit

Protecting against web application threats using SSL

Earth Lease is considering upping its £8 billion offer for BT's local loop, according to the FT.

Despite being told that BT is not interested in selling its "core asset", Earth Lease has continued to woo city analysts about its plans for the local loop.

And last week it told analysts that it might be prepared to increase its offer for the wires that connect homes and businesses to the phone network.

An Earth Lease spokesman told The Register: "We never said the original offer was the bottom line."

However, there are still a number of problems facing Earth Lease - not least because BT has ruled out, publicly at least, the sale of the local loop.

Even putting that sizeable hurdle to one side, Earth Lease's offer has been made without any detailed survey of exactly what it hopes to buy.

The consortium - headed by Babcock and Brown, and Chancery Lane Capital - has no real idea of the state of BT's local loop network. It could be in tip-top nick; some parts might be run-down and decrepit.

Until Earth Lease gets a good look at what it's buying, it cannot say. And if BT has dismissed any offer, why should it let someone take a look?

Despite ruling out the bid for its local loop, BT confirmed it did hold an informal meeting with Earth Lease about three weeks ago.

It's all very curious. ®

Related Stories

BT offered £18bn for phone network
BT dismisses £8 billion bid for local loop

Choosing a cloud hosting partner with confidence

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
Seagate's triple-headed Cerberus could SAVE the DISK WORLD
... and possibly bring us even more HAMR time. Yay!
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.