Feeds

C&W sniffing around Energis - confirmed

Finally...

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Cable & Wireless (C&W) has confirmed it is sniffing around Energis.

Chairman Richard Lapthorne told investors on Friday that the UK telco is considering making a bid for the alternative telco but said it was too early to say whether a deal would be inked.

Lapthorne's confirmation that it is interested in acquiring Energis ends months of speculation about a possible merger between the two companies.

Speaking on Friday Lapthorne said: "We remain active in the area of corporate development and we are approaching the stakeholders of Energis concerning a possible acquisition. We cannot be certain that a transaction will result and a further announcement will be made in due course."

A week ago Energis and C&W refused to dismiss press reports that they had hired financial advisors to help set up a £700m acquisition leading to an enlarged group with revenues of around £2.3bn.

Lst year C&W snapped up local loop unbundling (LLU) ISP Bulldog making it well poised to attack BT's established retail market by providing voice and broadband services direct to customers. That is, of course, if Bulldog can sort out its customer service issues.

Bringing Energis on board would hand C&W a sizeable chunk of corporate clients such as the BBC, IBM and Tesco. ®

Related stories

Energis and C&W refuse to deny merger talk
C&W eyes Energis for 'takeover'
Bulldog intros 'major' measures to combat complaints
Bulldog thumped for misleading boxing ad
Bulldog faces Ofcom complaints

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.