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Hull telecoms company KCOM set for 500m takeover

2019-04-25 11:51:32| BBC News | Business | UK Edition

Shares in the Hull company, which have struggled in recent years, jumped on news of the proposed deal.

KCom target of 500m takeover bid

2019-04-25 02:00:00| Total Telecom industry news

KCom's board of directors has agreed a £504 million takeover deal with pension fund Universities Superannuation Scheme Limited (USSL). The Hull-based telco said the deal, which comes in at 97 pence per share, represents a 33.8% premium on its closing price on the last practicable date and is 38% above its three…read more on TotalTele.com »

Tags: target bid takeover 500m

Last week in telecoms: TIM, Kcom, NextGenTel up and earnings season gathers pace

2019-02-18 10:10:00| Telecompaper Headlines

(Telecompaper) The TP Stock Index European Telecoms was up 1.8 percent in week 7, but still trailed the general market, as the EuroStoxx 50 index won 3.4 percent. A number of micro caps made double digit gains (Forthnet 42%, NextGenTel 23%, 3U 15%), but the heavy-weights made limited advances (Deutsche Telekom +0.8%, Vodafone +1.8%). The most eye-catching news from last week was the rumour of Liberty Global (+2.1%), via Virgin Media UK, looking at a possible offer for Kcom (+5.8%). Tele Columbus (-11%) was the week's biggest loser. TIM (+8.8%) was up on news of CDP raising its stake.

Tags: week season tim pace

Last week in telecoms: Altice and KCOM weak on Q3 results, Italy in focus

2018-11-26 07:00:00| Telecompaper Headlines

(Telecompaper) Week 47 left two heavy casualties, British KCOM and Altice Europe. Italian microcap Tiscali was the week's winner. Excluding these outliers, the stocks in our European telecoms index moved within a fairly narrow range of +7 to -9 percent. Overall, our index lost 0.4 percent for the week, outperforming the EuroStoxx 50 index (-1.4%).

Tags: in results week focus