Feeds

Thus integration going to plan

Which is nice

Beginner's guide to SSL certificates

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." ®

Intelligent flash storage arrays

More from The Register

next story
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
MOST iPhone strokers SPURN iOS 8: iOS 7 'un-updatening' in 5...4...
Guess they don't like our battery-draining update?
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.