Your Communications earmarked for possible sell-off?

29 Jan 2004

Power, water and management outsourcing enterprise United Utilities has hinted at a possible future sale of its telecoms arm, Your Communications, saying that the business unit will turn cash-positive by the end of the year. United Utilities’ chief executive John Roberts publicly championed the unit, which provides services mainly to small and medium sized businesses, but added that ‘strategically’ United did not see it as part of the group. Your Communications is turning over about GBP200 million per annum and has been growing at an annual rate of about 10% in the last few years. One possible bidder for Your Communications could be Thus, which also offers services to business clients in England and Scotland.

United Kingdom