Following a report from INCA and Point Topic that altnets have now passed more premises in aggregate than Openreach, Neos CEO Lee Myall states that consolidation is the next natural step.
Mon, 22/04/2024 - 12:42
Investment bank Macquarie has appointed advisors PJT Partners as it explores the sale of KCOM, according to a report by the Telegraph.
The report cites competition from alternative networks as a reason for Macquarie are conducting a strategic review of the Hull incumbent.
This may lead to the sale of KCOM or a merger with another provider. Connexin, MS3, CityFibre and Grain are among those who have begun fibre rollouts in Hull.
Macquarie acquired KCOM for £627 in 2019, however the Telegraph cites analysts privately warning that the current percentage would be much reduced.
