Kingston Comms rejects buy-out talk
PrintSpeculative rumours
Posted in Business, 20th October 2003 12:17 GMT
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Kingston Communications has dismissed press reports that it is to be split up as nothing but "rumour and speculation".
The telco, which operates principally in Hull, could be about to be swallowed up by Scottish telco Thus, with other morsels being gobbled up by Energis and Colt.
The Mail on Sunday reports that the deal would enable Hull City Council to reduce its 41 per cent stake in Kingston following the floatation of the phone company in 1999.
Spokesfolks for both Kingston and Thus declined to comment on the report claiming it was little more than speculation.
The Register understands that no specific talks are underway at present that might lead to such a takeover. ®
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