Thus's acquisition of Your Communications has been approved by shareholders, the Scottish telco confirmed today. As a result of the thumbs up, the acquisition of Your Communications from United Utilities is expected to done and dusted on 26 February.

Three weeks ago, Thus, the Scottish telco behind the Demon ISP, announced plans to buy Your Communications in a deal valuing the business telco at £58.8m. It also confirmed plans to buy ISP Legend for £11.5m.

The acquisition of Your Communications and Legend - which sees Thus expand its position as an alternative carrier for business customers - is set to generate more than £25m in savings, in part thanks to the loss of some 280 jobs from the enlarged group. ®

Related stories

• Start-up ISP in launch shocker (12 June 2007)
• Thus results paint rosier picture (21 May 2007)
• Legend Docklands sinks customers (15 September 2006)
• Broadband numbers grow at Demon (19 June 2006)
• Thus group sells off Dutch Demon (5 June 2006)
• Email problems snag Legend Internet (24 May 2006)
• Demon chases overdue accounts (4 April 2006)
• Demon 'forgets' to bill customer for four years (31 March 2006)
• Thus integration going to plan (30 March 2006)
• UK broadband vets see DSL connections cut (3 February 2006)
• Thus to axe 280 jobs (2 February 2006)
• Thus agrees to buy Your Comms and Legend (1 February 2006)
• Thus to buy Your Comms - report (20 December 2005)
• Demon scores broadband ton (21 November 2005)
• Legend ISP is takeover target (3 October 2005)
• Thus looks to spend and grow (30 September 2005)