It’s … good for customers. They have no overlapping territory, so they will be able to offer our customers better roaming and better services around the world,
—Peter Erskine
This transaction brings together two companies which are growing strongly with highly complementary geographical activities.
The strong growth that we reported across all our businesses in the first quarter was maintained into the second quarter, and this will be reflected in our first-half results,
Capital expenditure in the full year will be around STG100 million higher than we have previously indicated, mainly due to an increase in Airwave’s planned investment programme. This follows the winning of the contract to...
Our strong momentum is being sustained in both the pre-pay and contract markets, and the customer retention programmes put in place at the start of the year are continuing to deliver improved churn metrics,
There is no point in launching technology before customers are ready to use it.
More people providing a better service has helped enormously,
Finally, it’s very good for our people. Because there’s no overlapping territories, we can really build on what we’ve got, as opposed to having to integrate and rationalize jobs.
It is very good for shareholder value. It’s an all-cash offer. It’s ‘£2 a share, which is somewhere in the range of a 25% premium over the last three months,
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