Tuesday, May 27, 2008

Cable & Wireless and Thus Confirm Merger Talks

Cable & Wireless noted the recent movement in the share price of Thus Group plc ("Thus") and confirmed that it has made a preliminary approach to the Board of Thus in relation to a possible offer for the company.

In a statement, THUS said it is confident in its future as an independent group, and that its Board remains focused on delivering maximum value for shareholders and will evaluate any proposal from any third party against the value that the company can deliver as an independent group.

THUS is a UK-focused business telecommunications company with a nationwide network with 10,500km of fibre optic cable with more than 190 points of presence. Its portfolio comprises four key market segments: data, voice, Internet and hosting. The company reported revenue of GBP 533 million for the year ended March 2007.http://www.cw.comhttp://www.thus.net

  • Scottish Power founded THUS plc in Scotland in November 1994 under the name Scottish Power Telecommunications Holdings Ltd. Scottish Power Telecommunications Holdings Ltd rebranded as THUS plc in October 1999 before floating on the London Stock Exchange in November 1999.


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