Macquarie considers KCOM sale, reports Telegraph

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.

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