As M Group Services brings together its £2.5bn portfolio as M Group, its various telecoms divisions will be unified under the M Group Telecom banner.
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.
