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.”
After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.