Home » 

UK ISP News Archives

 » 
Sponsored Links

Banks Delay C&W/Energis Deal

Posted: 12th Aug, 2005 By: MarkJ
Investment banks MERRILL Lynch and Morgan Stanley, which hold a large amount of Energis's debt, have been accused of improperly holding up C&W’s offer by refusing to agree:

Their alleged stance could cause C&W to walk away from the deal when a deadline for acceptance of the firm’s unofficial offer expires on Monday. Sources close to the alternative telecoms carrier made it clear last night that C&W would not be returning with an improved offer.

The tactics employed by the two Wall Street banks are likely to anger Energis’s management and other financial backers, who are believed to be happy with the offer already on the table — thought to be about £780 million.

The price offered by C&W is thought to be the result of months of delicate negotiations with Energis’s management. Having achieved a price satisfactory to both sides, C&W is considered extremely unlikely to budge on its offer.


More @ The Times Newspaper.
Search ISP News
Search ISP Listings
Search ISP Reviews
 Latest UK ISP News
 Cheapest Superfast Broadband ISPs
  • Hyperoptic £17.99
    Speed 33Mbps, Unlimited
    Gift: None
  • UtilityWarehouse £19.99
    Speed 35Mbps, Unlimited (FUP)
    Gift: None
  • NOW £24.00
    Speed 63Mbps, Unlimited
    Gift: None
  • Vodafone £24.00
    Speed 73 - 82Mbps, Unlimited
    Gift: None
  • Shell Energy £24.99
    Speed 38Mbps, Unlimited
    Gift: None
Large Availability | Compare More ISPs
 Cheapest Ultrafast Broadband ISPs
  • Gigaclear £17.00
    Speed: 200Mbps, Unlimited
    Gift: None
  • Zzoomm £19.95
    Speed: 150Mbps, Unlimited
    Gift: None
  • YouFibre £19.99
    Speed: 150Mbps, Unlimited
    Gift: None
  • Community Fibre £20.00
    Speed: 150Mbps, Unlimited
    Gift: None
  • BeFibre £21.00
    Speed: 150Mbps, Unlimited
    Gift: £25 Love2Shop Card
Large Availability | Compare More ISPs
Cheapest Superfast ISPs
  • Hyperoptic £17.99
    Speed 33Mbps, Unlimited
    Gift: None
  • UtilityWarehouse £19.99
    Speed 35Mbps, Unlimited (FUP)
    Gift: None
  • NOW £24.00
    Speed 63Mbps, Unlimited
    Gift: None
  • Vodafone £24.00
    Speed 73 - 82Mbps, Unlimited
    Gift: None
  • Shell Energy £24.99
    Speed 38Mbps, Unlimited
    Gift: None
Large Availability | View All
Cheapest Ultrafast ISPs
  • Gigaclear £17.00
    Speed: 200Mbps, Unlimited
    Gift: None
  • Zzoomm £19.95
    Speed: 150Mbps, Unlimited
    Gift: None
  • YouFibre £19.99
    Speed: 150Mbps, Unlimited
    Gift: None
  • Community Fibre £20.00
    Speed: 150Mbps, Unlimited
    Gift: None
  • BeFibre £21.00
    Speed: 150Mbps, Unlimited
    Gift: £25 Love2Shop Card
Large Availability | View All
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored Links
The Top 20 Category Tags
  1. FTTP (5393)
  2. BT (3490)
  3. Politics (2494)
  4. Openreach (2276)
  5. Business (2223)
  6. Building Digital UK (2215)
  7. FTTC (2038)
  8. Mobile Broadband (1940)
  9. Statistics (1763)
  10. 4G (1639)
  11. Virgin Media (1592)
  12. Ofcom Regulation (1438)
  13. FTTH (1379)
  14. Wireless Internet (1378)
  15. Fibre Optic (1377)
  16. 5G (1215)
  17. Vodafone (1126)
  18. EE (1111)
  19. TalkTalk (927)
  20. O2 (916)
Sponsored

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