Utilities Firm Sells Telecom Arm to Thus for Pounds 58.8m

Summary


WARRINGTON-based United Utilities sold its telecoms arm Your Communications to Thus in a deal worth pounds 58.8m today.

The sale is by way of new shares issued by Thus, owner of the Demon internet brand, which will give UU a 22.5% stake in the telecoms group.

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Extract


Utilities Firm Sells Telecom Arm to Thus for Pounds 58.8m

Thus said the acquisition ...

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