Feeds

Thus integration going to plan

Which is nice

Designing a Defense for Mobile Applications

Plans to fold Your Communications and Legend Communications into Thus are going just swimmingly.

Two months ago, Thus announced plans to splash out more than £70m on the pair to bulk up its business.

And it seems Thus, which is perhaps best known for its Demon internet brand, is happy at the way the integration is proceeding. It also confirmed it was still on target to reap more than £25m in annual operational cost synergies, even though it means a one-off cost of around £30m over the next 12 months.

Of course, those "operational cost synergies" include the airbrushing of some 280 jobs (around 15 per cent of the enlarged workforce) to erase any duplications.

According to a trading update issued by the Scottish telco today, total revenue for the year is anticipated to exceed £370m, an increase of around 10 per cent compared to revenue from continuing operations last year.

EBITDA before exceptional integration costs is expected to be in the region of £40m compared to £38m the previous year.

"The company is experiencing increased demand for new generation services but remains cautious on the market structure and pricing for telecommunication services in the UK market," it said today. "Nevertheless, the board remains confident that trading within the enlarged group remains in line with its expectations for the next financial year." ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
NBN Co execs: No FTTN product until 2015
Faster? Not yet. Cheaper? No data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.