Feeds

Three bidders interested in Phones4U

Decision time for Caudwell, says report

Remote control for virtualized desktops

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". ®

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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?