C&W CEO letter on the purchase of Energis

16
August 2005

Dear ,

I am writing to you today with good news for

UK

businesses. Today Cable
& Wireless has announced our acquisition of Energis, and I wanted to
highlight a couple of the benefits that this joining of two of the strongest
communication providers in the

UK

can bring you. The deal is
subject to regulatory approval by the Office of Fair Trading, which we expect
to receive in the autumn.

Already the main challenger to BT in the UK, and a
leading provider of communication solutions internationally, the combination of
our solutions and people with those at Energis, will significantly strengthen
the competitive landscape in UK, driving better value and the faster
development of new services.

For us it is the next step in accelerating the strategic
transformation of our

UK

business. It creates a business with the scale to compete, the access network
to offer full end-to-end control to our customers and the technological
capability to migrate our customers to the flexibility of IP and next-generation
services as their businesses demand.

At the outset, let me reassure you that customers will
remain our number one priority. Until regulatory clearance is obtained, the two
businesses will remain separate. We will begin the planning to ensure smooth
integration that avoids customer disruption immediately.

Our investments in Next Generation Network and ADSL/SDSL
unbundling via Bulldog will continue apace. As Ovum recently reported “…that
Cable & Wireless is already well advanced in its strategic thinking and
planning, and will have an advanced NGN long before BT.

Practically, for the near term, you won’t notice much
change. Our aim is to avoid any disruption to you over the coming weeks — our
success will only continue if we stay focused on what you need.

I am very excited about the new business. We will have
great products, scale and people and strong financial backing, but most of all
we will have great customers and we will continue to be driven by what they
need.
Yours
sincerely

 

Francesco
Caio

Chief
Executive Officer, Cable & Wireless

Get Ready for GoogleNet


What if Google (GOOG) wanted to give Wi-Fi
access to everyone in America? And what if it had technology capable of
targeting advertising to a user’s precise location? The gatekeeper of
the world’s information could become one of the globe’s biggest Internet providers and one of its most powerful ad sellers, basically supplanting telecoms in one fell swoop.
[via]

interesting stuff, the article goes on to say..

For the past year, it has quietly been shopping for miles and miles of
"dark," or unused, fiber-optic cable across the country from
wholesalers such as New York’s AboveNet. It’s also acquiring superfast
connections from Cogent Communications and WilTel, among others,
between East Coast cities including Atlanta, Miami, and New York. Such
large-scale purchases are unprecedented for an Internet company.

Yep, I’d say it was unprecedented too.

It also ties in with the adverts for techies with fibre skills a while back

Convenient lists to have

  • Account and $ numbers
  • Affirmations
  • Basic personal numbers (self and family members)
  • Birthdays
  • Checklists
  • Gifts
  • Ideas I don’t know what to do with, now that I’ve had them…
  • Jokes
  • Might wanna buy…
  • Might wanna do when…
  • Might wanna do with…
  • Previous addresses and employers
  • Quotes
  • Restaurants
  • Style or product numbers I may need when I’m buying things
  • Tips/Shortcuts
  • Vacation things to do

read all about the lists here…I’m off to start writing mine..

C&W expects Energis deal in the bag in time for tea

Cable & Wireless (C&W) is today expected to confirm its
takeover of UK IT services and telecoms solutions provider Energis,
after holding firm against a number of investors looking to push up its
GBP830 million offer. Citing sources close to the deal, the Financial
Times says C&W is ‘optimistic’ of having its bid accepted today
following its refusal to increase its offer ‘under any circumstances’.
C&W is widely regarded as the only bidder for the struggling
company. The bid will expire at 5pm UK time today unless 75% of Energis
investors accept.
[via]

I heard that C&W had submitted a bafo and told Energis they’d got till COB today to accept…we’ll see what happens by COB today shall we. I think it’s the smaller investors that are holding out for more money.