Kingston Communications Buyout Back On?
Recent increases in share trading have prompted speculation that a buyout of Kingston Communications might be back on the table.
A year ago the Hull based telecommunications company was involved in takeover talks with US financial giant ‘The Carlisle Group’.
The Hull Daily Mail comments “A frenzy of activity on the London Stock Exchange has also left the firm’s closing prices at some of their highest in the past two years…”
Speculation has been growing in the market that KC may have a bid in the works and that higher-than-normal levels of share trading could back this up. Kingston Communications are staying tight lipped however saying only: “There has been a lot of interest in the KC story.”
Kingston Communications is the incumbent teleco for Hull and surrounding areas. With the monopoly for internet and telephony services for over 185,000 residential customers and an undisclosed number of business customers in the non-BT area it stands to be a good purchase in a reviving telecoms sector.
Update: After being approached by a fellow Karoo user for help, Just Uber was happy to give a home to The Unofficial Karoo User Forums. They’re run by a nice chap called Dylan who is trying to build a place where Karoo users can talk about their experiences. You can find me in there under the name lefty 
This entry was posted on Thursday, November 23rd, 2006 at 1:54 pm and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Post to del.icio.us
Post to Slashdot
Digg this
September 19th, 2007 at 2:05 pm
ALL karoo customers should NOW get together and create an online petition to present to our member of parliament and the trading standards bureau. Maybe the monopolies commission too?
I only get 19% of my expected bandwidth at best; it’s usually worse than this!!!
If that is the best they can do then I should only pay for the bandwidth I actually have available; therefore I should only pay 19% of my monthly subscription charges, that would be much fairer and I’m sure EVERYONE out there would agree with this? – So what can we ALL do about it NOW. We (Karoo customers) must unite and pull together as an online community otherwise our complaints will fall on deaf ears or even NO ears at all! Can anyone suggest how we might go about achieving a satisfactory result?
September 19th, 2007 at 2:46 pm
F.Y.I. I wrote to watchdog; maybe we all should?
HERE: http://www.bbc.co.uk/consumer/tv_and_radio/watchdog/contact_index.shtml
Thank you for taking the time to write to BBC Watchdog…
Because we receive so many emails, faxes, letters and phone calls, we are unable to respond personally to each and every one. However, your correspondence will be read by our research team and if we are able to pursue your complaint, a researcher from the Consumer Unit will contact you.
Once again, many thanks
The Watchdog Team