Feeds

West LB still sniffing round BT's network

Set to offer more than £20bn

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

German investment bank, West LB, is set to make a renewed offer for BT's fixed line phone network, according to the Times.

Earlier this year BT rejected an £18 billion approach for its network by the same outfit.

However, it appears West LB is prepared to up its offer to more than £20 billion in a bid to get BT to reconsider.

It is expected to make its bid once BT has completed the flotation of its mobile business.

If successful, BT would hand over the running of it phone network while maintaining control of its customer base.

This latest development comes hard on the heels of news that Earthlease is to increase its offer for the local loop - the wires and cable that connect customers to the phone network.

In both cases BT has ruled out selling parts of its network.

However, the fact that both bids are still alive despite being turned down suggests that either BT didn't make its position clear enough, or it is has made it known - privately at least - that it is keen for further approaches. ®

Related Stories

Earthlease still sniffing around BT's local loop
BT offered £18bn for phone network

Providing a secure and efficient Helpdesk

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.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
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?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.