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KCOM Group Moots Sale of UK Network Assets Outside of East Yorkshire

Monday, November 30th, 2015 (3:58 pm) - Score 882

The KCOM Group, which owns UK ISP Eclipse Internet and Hull-focused communications provider KC in East Yorkshire (England), has announced that some of their national network infrastructure assets could soon be sold off.

The proposal surfaced as part of KCOM’s latest unaudited interim results for the half year ended 30th September 2015 (here), which was published this morning. Buried deep within those pages was a brief and somewhat vague comment under the title – “Assets classified as held for sale.”

Assets classified as held for sale

As a result of the Board’s decision to explore opportunities to maximise the return from our national network infrastructure (excluding Hull and East Yorkshire), and consistent with our wider transformation journey, these assets have been reclassified to current assets held for sale.

Obviously this doesn’t related to KC’s network as the Hull and East Yorkshire areas have been marked as “excluded” from the consideration and we’ve also had it confirmed that it does not include Eclipse Internet or Smart421.

A spokesperson informed ISPreview.co.uk that the assets that have been reclassified as held for sale relate to the ducts and fibre that make up KCOM Group’s national network (a figure of eight network that goes through 25 towns and cities across the UK), which is said to be in line with their increasing focus on the provision of integrated communications and IT services (rather than connectivity services) to the national business market.

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1 Response
  1. themanstan says:

    Which kind of suggests that there is plenty of competition in the market and diminishing returns are prevailant, so not worth keeping hold of? Better to get the money now whilst there is plenty of value and get out of Dodge!

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