Feeds

Earth Lease toys with upping BT local loop bid

Interesting, very interesting

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

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

5 things you didn’t know about cloud backup

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
Docker kicks KVM's butt in IBM tests
Big Blue finds containers are speedy, but may not have much room to improve
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Gartner's Special Report: Should you believe the hype?
Enough hot air to carry a balloon to the Moon
Flash could be CHEAPER than SAS DISK? Come off it, NetApp
Stats analysis reckons we'll hit that point in just three years
Dell The Man shrieks: 'We've got a Bitcoin order, we've got a Bitcoin order'
$50k of PowerEdge servers? That'll be 85 coins in digi-dosh
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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.
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.