Feeds

Thus Group gives amorous Cable and Wireless the brush off

Potential telecoms merger emerges

Intelligent flash storage arrays

Cable and Wireless has shuffled alongside smaller business telecoms outfit Thus Group, mumbling that it possibly might want to make an offer to buy it, to be greeted today with a polite "we're alright, cheers".

A C&W statement alongside news of its romantic whispers said: "This announcement does not amount to a firm intention to make an offer and accordingly there can be no certainty that an offer will be made."

The market likes the idea though, and has sent Thus shares climbing more than 23 per cent at time of writing, to a market cap of almost £249m.

The Thus board seem less keen on the match. In its response, the firm said: "Thus is confident in its future as an independent group, which offers an attractive combination of strong growth and future cash flow generation."

"The Board remains focused on delivering maximum value for shareholders and will evaluate any proposal from any third party against the value that the Company can deliver as an independent group."

So, file this under "we'll consider any proposal because the law says we have to, but don't expect us to enjoy it".

C&W was a poster child for the early noughties telco slump, but is now resurgent having sacked thousands of staff. Thus is probably most familiar to Reg readers as the owner of venerable ISP Demon. ®

Beginner's guide to SSL certificates

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.