Article Abstract:
Kingston Communications was the subject of favourable rumours at the stock market on 23 November, sending shares soaring to GB[pound] 6.365, the highest since the Hull-based company floated in July. According to speculation, Kingston is to expand its business telecommunications division Torch into the south of England. Such a move would emphasise Kingston's intention to roll out Torch throughout the whole of the UK, and could even be announced today (24 November), when interim results are due out.
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Article Abstract:
Energis has struck a three-year deal with Orange which will see the former use the UK-based mobile phone company's network from autumn. The move sees Energis' fixed-line services augmented with mobile telecom services. Orange will have access to the UK-wide network of Energis and be able to re-sell the latter's Internet, data and voice services to its own subscribers. The deal represents the first time that the Orange network has been leased.
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A total of GB[pound] 3.5bn was raised 16 March 2000 in a syndicated loan from the UK telecommunications company Orange. Orange, which is being sold by Vodafone under European Union anti-trust regulations following its purchase of Mannesmann, will use the funds to pay off existing debt amounting to GB[pound] 1.75bn with the remaining GB[pound] 2bn ear marked to finance the company's expansion.
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