Home
 » ISP News » 
Sponsored Links

UK Telecoms and Broadband ISP Daisy Group Ponders £1.5bn Sale

Friday, Oct 13th, 2017 (10:04 am) - Score 4,981

Reports claim that the Daisy Group, which supplies communication and broadband services to businesses across the UK, could shortly appoint investment bankers to manage a sale of the business. Under the plan it’s alleged that Daisy could auction itself off for £1.5bn during the first half of 2018.

According to Sky News, inside sources are hoping that Vodafone and Liberty Global (Virgin Media) could be among the interested parties in any future sale. The business went private in 2014 and there are said to be no plans for exploring another public flotation.

Today Daisy has around 60,000 customers, which includes a huge chunk of popular high street retailers, and they also employ approximately 4,000 staff. The insiders suggest that the business is on course to make earnings (EBITA) of around £150 million in the year to March 2019 (note: a year ago they spent £165m on a takeover of ‘Alternative Networks’ and that was funded partly through debt).

Advertisement

A Daisy Group Spokesperson said:

“We don’t comment on speculation. Daisy is a privately owned business and its management teams focus is solely on continuing to build on its position as the United Kingdom’s largest independent provider of business communications, IT and cloud services.”

We’ve heard rumours of a sale before, although so far they have all come to nothing, but the current situation suggests that Daisy might well be willing to pass the mantle on to somebody else. Assuming somebody can be found who would value the business just as highly as Daisy itself currently does.

Tags:
Mark-Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook, BlueSky, Threads.net and .
Search ISP News
Search ISP Listings
Search ISP Reviews

Comments are closed

Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
100Mbps
Gift: First 3 Months Free
Sky UK ISP Logo
Sky £22.00 - 26.00
100Mbps
Gift: None
Youfibre UK ISP Logo
Youfibre £23.99
150Mbps
Gift: None
Virgin Media UK ISP Logo
Virgin Media £23.99
132Mbps
Gift: None
NOW UK ISP Logo
NOW £25.00
100Mbps
Gift: None
Large Availability | View All
Cheap Unlimited Mobile SIMs
Talkmobile UK ISP Logo
Talkmobile £11.95
Contract: 12 Months
Data: 120GB
iD Mobile UK ISP Logo
iD Mobile £16.00
Contract: 24 Months
Data: Unlimited
Smarty UK ISP Logo
Smarty £18.00
Contract: 1 Month
Data: Unlimited
ASDA Mobile UK ISP Logo
ASDA Mobile £19.00
Contract: 24 Months
Data: Unlimited
Three UK ISP Logo
Three £20.00
Contract: 24 Months
Data: Unlimited
New Forum Topics
Cheapest ISPs for 100Mbps+
Community Fibre UK ISP Logo
100Mbps
Gift: First 3 Months Free
Gigaclear UK ISP Logo
Gigaclear £19.00
300Mbps
Gift: None
Sky UK ISP Logo
Sky £22.00 - 26.00
100Mbps
Gift: None
toob UK ISP Logo
toob £22.00
150Mbps
Gift: None
Beebu UK ISP Logo
Beebu £23.00
100 - 160Mbps
Gift: None
Large Availability | View All
Promotion
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact
Mastodon