UK: RUMOURS SEND KINGSTON SHARES SOARING

Article Abstract:

Kingston Communications was the subject of favourable rumours at the stock market on 23 November, sending shares soaring to GB[pound] 6.365, the highest since the Hull-based company floated in July. According to speculation, Kingston is to expand its business telecommunications division Torch into the south of England. Such a move would emphasise Kingston's intention to roll out Torch throughout the whole of the UK, and could even be announced today (24 November), when interim results are due out.

Software Publishers, Sales, profits & dividends, Telecommunications, Communication Software Pkgs, Computer software industry, Software industry, Telecommunications software, Kingston Communications (Hull) PLC

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UK: ENERGIS AGREES DEAL WITH ORANGE

Article Abstract:

Energis has struck a three-year deal with Orange which will see the former use the UK-based mobile phone company's network from autumn. The move sees Energis' fixed-line services augmented with mobile telecom services. Orange will have access to the UK-wide network of Energis and be able to re-sell the latter's Internet, data and voice services to its own subscribers. The deal represents the first time that the Orange network has been leased.

Joint ventures, Radiotelephone communications, Energis PLC

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UK: GB[pound] 3.5BN RAISED BY ORANGE

Article Abstract:

A total of GB[pound] 3.5bn was raised 16 March 2000 in a syndicated loan from the UK telecommunications company Orange. Orange, which is being sold by Vodafone under European Union anti-trust regulations following its purchase of Mannesmann, will use the funds to pay off existing debt amounting to GB[pound] 1.75bn with the remaining GB[pound] 2bn ear marked to finance the company's expansion.

Financial management

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