Feeds

Three bidders interested in Phones4U

Decision time for Caudwell, says report

Internet Security Threat Report 2014

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". ®

Choosing a cloud hosting partner with confidence

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.