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

Friday, October 13th, 2017 (10:04 am) - Score 1,349
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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).

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.

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Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he is also the founder of ISPreview since 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
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2 Responses
  1. Daisy got into the leased line and broadband business through their acquisition of MurphX in 2010 and have now grown into one the biggest circuit aggregators in the UK. Although they don’t have any PoP’s of their own they have interconnects with the big 4 (BTW, VMB, TTB & Voda) plus SSE and Colt. Their pricing to us is always competitive.

    Hopefully any sale wont impinge on their network independence. Liberty Global should be able to run it in parallel with VMB but I doubt Voda could pull that off.

    Interesting times.

  2. Antonio Baldassarre

    Daisy might be competitive ect, surely must be the warse company for costumes service,I was a costumer for 16 years you would thought they would do the best to keep on,no they messed me for Moore than 4 months for an upgrade in which never materialize I gave up.

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