12/09/2005

OneTel could be flogged | The Register

This rumour has been in the works for a long time.

Centrica like any owner of a telco, would be silly not to look at selling it, however there's a big difference between being open to offers and actively selling.

One.tel have a large number of customers (mainly residential) but are now actively moving into the business markets. They've also got a warchest of about £500m to expand by acquistion. Centrica wouldn't make the cash available if they were instantly going to sell them.
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