Allan Turns Sights On Your and Global Crossing After Failed Bid for Energis

Summary

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THUS, the Scottish telecoms firm, is expected to bounce back from its failed attempt to acquire Energis by launching a bid for either United Utilities' Your Communications or Global Crossing's UK operations.

Chief executive Bill Allan, speaking for the first time since his GBP 800m offer was rejected in favour of a lower bid from Cable & Wireless, was in combative mood despite last week's setback and hinted at seeking another partner. "The game is far from over. It is just about to begin," he said.

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Allan Turns Sights On Your and Global Crossing After Failed Bid for Energis

Allan made it clear that he was still committed to "scaling up" and that there was no reason for...

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