Source Pravda.Ru

Lattice To Withdraw From UK Telecom Industry

Lattice Group, the owner of the UK's natural gas network, said that it may seek a buyer for its broadband unit after a two hundred and fifty million pound ($364 million) write down led it to a loss in the three months through to March. The company had a net loss of 157 million pounds, compared with a profit of 288 million pounds in the same period a year ago. The 186k broadband unit is now worth “just under” a hundred million pounds, said the Chairman of the group, John Parker, during a conference call. Lattice, which last month agreed to be bought by National Grid Group for $18 billion, is the latest UK utility to withdraw from telecommunications after failing to compete with bigger rivals such as British Telecommunications Group. “There's no real surprise with the write-down,” said Philip Green, an analyst at Goldman Sachs in London “The markets in telecoms have gone and we'd written it off long ago.”

Visit to

&to=http://www.lattice-group.com/flash.html' target=_blank>LATTICE-GOUP

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Russian Guard to see enemies behind walls
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia to spend trillions to upgrade its army and navy before 2027
Bloomberg makes gloomy forecast of brightless future for Russia
Trump's national security strategy sheds no light into the dark tunnel of US-Russian relationship
Should Russian athletes go to non-Olympic Games in South Korea?
Aliens invade US-Russian relationship
Trump's national security strategy sheds no light into the dark tunnel of US-Russian relationship
Surviving Gaddafi to run for president of Libya
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russian athletes announce their decision about 2018 Winter Olympic Games
Russia starts transforming Syria
Russia starts transforming Syria
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Human Organs Trafficking Prospers Amid Crisis