Jarvis sells off mobile phone mast firm

Crisis-hit engineering group Jarvis, which is involved in a number of Public Private Partnership projects in Ireland, has sold a mobile phone mast company as part of a strategy to dispose of non-core businesses, it announced tonight.

Jarvis, which last week unveiled a survival plan after falling £246.7m (€374.7) into the red, said it had sold loss-making firm Ultramast for nearly £290,000 (€440,470).