Cable and Wireless has acquired 29.9% of the issued share capital of Thus Group. A month ago Cable & Wireless confirmed that it had made a 'preliminary approach to the board of Thus in relation to a possible offer for the company' offering 165 pence. Responding to the preliminary approach Thus issued a statement saying, 'The board remains focused on delivering maximum value for shareholders and will evaluate any proposal from any third party against the value that the Company can deliver as an independent group'.
This morning Cable & Wireless increased its offer by 9% to 180 pence per share.
It's official!
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To create customer loyalty and repeat business remember that service is key, so make sure the business is as responsive as possible to every customer need from all areas of the company.
Tom O'Hagan, Virtual1
Mobile data revenues increase