Feeds

Your Communications up for sale

Their Communications could be Yours

High performance access to file storage

Your Communications - the telco that's part of United Utilities (UU) based in the North West of England - is definitely up for sale.

Speculation about the future of the company has circulated for months. Last summer, for instance, it was linked to a possible take-over by The Carphone Warehouse.

At the time a spokeswoman for UU told us that the company was looking at a "variety of strategic options for Your Communications" adding that the utility did not regard Your Communications as "an integral part of its core business" and would "look to exit the business at a point in time when shareholder value can be maximised".

That time appears to now.

Like many others in the industry, Your Communications is facing the big squeeze in the telco sector and is battling against "intense pricing pressures and sustained excess capacity". At the same time, it's seeing telcos being bought and sold on an almost weekly basis and wants a slice of the action.

Or as outgoing UU chief exec John Roberts said today: "We have recognised for some time that consolidation of the telecoms sector has been overdue, and we are now seeing evidence of deals being done. [It is] our view that the interests of our telecoms business are best served by its participation in the current round of consolidation in its industry through a sale process."

In preparing to flog Your Communications - which offers voice, data and mobile services to the public sector and SMEs predominantly in the Midlands and North of England - UU is taking a hit on the value of the business and halving the net asset value to around £98m.

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.