Feeds

Three bidders interested in Phones4U

Decision time for Caudwell, says report

Choosing a cloud hosting partner with confidence

Phones4U boss John Caudwell is nearing a decision about the future of his business almost six months after putting his entire telecoms empire up for sale.

The Sunday Times reports that Caudwell has received three bids from private equity outfits, valuing the business at around a billion quid.

Caudwell is expected to select one bidder in the next couple of weeks before beginning final negotiations to sell the business, although the paper reports that Caudwell could still pull the sale if he doesn't get the price he wants.

Last November, Caudwell hired Rothschild to flog his business, which includes mobile phone retailer Phones4U, fixed line outfit Caudwell Communications, and mobile handset and accessories distributors 20:20 and Dextra.

His decision to sell the whole kit and caboodle followed a strategic review of the business which found that the Caudwell Group "is in a very strong financial position" and the future outlook for the outfit was "extremely positive". ®

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
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
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.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.
Mitigating web security risk with SSL certificates
Web-based systems are essential tools for running business processes and delivering services to customers.