Feeds

Thus integration going to plan

Which is nice

The smart choice: opportunity from uncertainty

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." ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.