Thus gatecrashes Energis deal

Business telecoms group Thus squared up to rival Cable & Wireless today with a proposed bid worth £800m (€1.2bn) for counterpart Energis.

Thus gatecrashes Energis deal
Mon, 15 Aug, 2005 - 10:15

Business telecoms group Thus squared up to rival Cable & Wireless today with a proposed bid worth £800m (€1.2bn) for counterpart Energis.

The Glasgow-based telecoms carrier revealed its interest on the day of a deadline set by C&W for Energis debtholders to back its proposal, which has the support of the Energis board and thought to be worth around £780m (€1.1bn).

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