Biting the hand that feeds IT
Biting the hand that feeds IT
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Original URL: http://www.theregister.co.uk/2006/01/20/uswitch_advisors/
USwitch.com - the UK-based utilities comparison web site - has confirmed that the business could be up for sale after appointing financial advisors to carry out a strategic review of the business.
Reports before Christmas said that the firm - which helps punters save money on utility, and telecoms bills - had a price tag of around £100m.
Today it's emerged that as well as looking for a possible buyer, the firm is also mulling an IPO.
Said chief exec Andrew Salmon: "We are at a very early stage of working with LongAcre Partners [financial advisors] to review our strategic options for the business, ranging from finding a strategic partner to an IPO - and we are also in the market for acquisitions. The key is timing."
Free for consumers to use, uSwitch.com enables punters to compare different utility services - such as gas, electricity, home phone, broadband providers and personal finance products - to get the best deal and claims the average saving for customers switching home phone is £120.
LongAcre Partners - the firm hired by USwitch.com - recently advised Friends Reunited in its strategic review that led to the sale of the business to ITV for £120m.®
uSwitch cans IT workers (18 September 2007)
http://www.theregister.co.uk/2007/09/18/uswitch_redundancies/
uSwitch.com switched for £210m (16 March 2006)
http://www.theregister.co.uk/2006/03/16/uswitch_scripp/
USwitch.com mulls sale - report (15 December 2005)
http://www.theregister.co.uk/2005/12/15/uswitch_comparison/
Switching telcos/ISPs to get easier (25 November 2005)
http://www.theregister.co.uk/2005/11/25/ofcom_telcos/
UK is a booming digital nation (13 July 2005)
http://www.theregister.co.uk/2005/07/13/ofcom_digital/
Ofcom 'fails to support consumers' over mobile charges (7 June 2005)
http://www.theregister.co.uk/2005/06/07/ofcom_mobile/
uSwitch unveils broadband service checker (8 November 2004)
http://www.theregister.co.uk/2004/11/08/uswitch_broadband_checker/
UpMyStreet saved for Nation (15 May 2003)
http://www.theregister.co.uk/2003/05/15/upmystreet_saved_for_nation/
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