Feeds

Thus Group gives amorous Cable and Wireless the brush off

Potential telecoms merger emerges

5 things you didn’t know about cloud backup

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. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.