BT today announced it has made a recommended cash offer for PlusNet,
offering 210p per share, valuing the company at approximately £67m.

The offer for PlusNet fits perfectly with BT's strategy of providing its
customers with the most that broadband can deliver. Broadband is
increasingly becoming more than just fast internet access and PlusNet has a
strong reputation for both customer service and innovation.

Operating since 1997, PlusNet was listed on the Alternative Investment
Market in 2004. It has grown rapidly during the last few years and now has
close to
200,000 broadband customers as well as an additional narrowband customer
base. If the offer is accepted, PlusNet will retain its brand and distinct
identity. It will continue to operate from its base in Sheffield and Lee
Strafford will remain its CEO. For the 12 months to 30 June 2006 the company
had revenues of £41m, EBITDA of £7.5m and net income of £3.9m.

BT Retail chief executive, Ian Livingston said: 'This offer makes great
sense for BT. We already provide the UK's most popular and best-performing
ADSL broadband service and this acquisition will ensure that even more
people can enjoy our market-leading services. PlusNet's customers and
employees will benefit from the combination of PlusNet's excellent platform
and access to BT's resources and technology development.'

Lee Strafford, CEO of PlusNet said: 'I am pleased to announce BT's offer
this morning. Whilst the PlusNet Directors continue to believe that PlusNet
is a high
quality business, our sector is consolidating and there are considerable
benefits to PlusNet in becoming part of BT. BT recognises the importance of
retaining PlusNet's identity and culture and I believe this will give rise
to exciting opportunities for PlusNet, our customers and our employees.'

The directors of the company, having unanimously recommended the offer, have
provided irrevocable undertakings to accept BT's offer.'

From http://www.investegate.co.uk/Articl...11160701041717M

Regards
Sunil

[ Post a follow-up to this message ]

On 16-Nov-2006, "Sunil Sood" <news@soods.freeserve.co.uk> wrote:

> BT today announced it has made a recommended cash offer for PlusNet,
> offering 210p per share, valuing the company at approximately £67m.

Customer service will deteriorate to the lowest common denominator.

[ Post a follow-up to this message ]

ato_zee@hotmail.com wrote:
> Customer service will deteriorate to the lowest common denominator.

will?!? Its been there for some time

[ Post a follow-up to this message ]

On Thu, 16 Nov 2006 21:26:52 +0000, Great Eastern <ger@ger.ger> wrote:

>ato_zee@hotmail.com wrote: 
>
>will?!? Its been there for some time
Since I signed up with them on 56k at least and that was before BB was
thought of .

[ Post a follow-up to this message ]

On Thu, 16 Nov 2006  wrote:

>
>On 16-Nov-2006, "Sunil Sood" <news@soods.freeserve.co.uk> wrote:
> 
>
>Customer service will deteriorate to the lowest common denominator.

If customer service changed to the lowest common denominator I, for one,
would rejoice.  Perhaps you mean that it would deteriorate to the
highest common factor.
--
Thoss

[ Post a follow-up to this message ]

<ato_zee@hotmail.com> wrote in message
 news:TMydnewjIoFkJsHYnZ2dnUVZ8sednZ2d@pi
pex.net...
>
> On 16-Nov-2006, "Sunil Sood" <news@soods.freeserve.co.uk> wrote:
> 
>
> Customer service will deteriorate to the lowest common denominator.

I wasn't aware zero could be a denominator.

JP



--
Posted via a free Usenet account from http://www.teranews.com

[ Post a follow-up to this message ]

"Jeremy Porteous" <REMOVEjeremyporteousTHIS@yahoo.co.uk> wrote in message
news:455e1e1c$0$21193$88260bb3@free.teranews.com...
> <ato_zee@hotmail.com> wrote in message
>  news:TMydnewjIoFkJsHYnZ2dnUVZ8sednZ2d@pi
pex.net... 
>
> I wasn't aware zero could be a denominator.
>
> JP

Early calculators (late 60's) would crash if you divided by zero.
--

Graham.
%Profound_observation%

[ Post a follow-up to this message ]

In article <Me45RiAC5XXFFwHJ@thoss.plus.com>, thoss
<usenet@thoss.plus.com> writes
>On Thu, 16 Nov 2006  wrote: 
[vbcol=seagreen] 
[vbcol=seagreen] 
[vbcol=seagreen]
>If customer service changed to the lowest common denominator I, for one,
>would rejoice.  Perhaps you mean that it would deteriorate to the
>highest common factor.

Consider the numbers 3 and 9.
Their Highest Common Factor is 3.
Their Lowest Common Multiple is 9.

Perhaps a better example is this:

Consider the numbers 12 and 18.
Their Highest Common Factor is 6.
Their Lowest Common Multiple is 36.
--
Chris

[ Post a follow-up to this message ]