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C&W Confirms Energis Interest

Posted: 25th Jul, 2005 By: MarkJ
Cable & Wireless (C&W), which recently acquired troubled ISP Bulldog, has confirmed earlier reports of its interest in Energis:

Chairman Richard Lapthorne told investors on Friday that the UK telco is considering making a bid for the alternative telco but said it was too early to say whether a deal would be inked.

Speaking on Friday Lapthorne said: "We remain active in the area of corporate development and we are approaching the stakeholders of Energis concerning a possible acquisition. We cannot be certain that a transaction will result and a further announcement will be made in due course."

A week ago Energis and C&W refused to dismiss press reports that they had hired financial advisors to help set up a £700m acquisition leading to an enlarged group with revenues of around £2.3bn.


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