Fibernet Shares Race Ahead on foreign bid approach

10 August 2006

Fibernet, based in Jays Close, Basingstoke, is the latest UK telecoms company to attract interest from a large foreign bidder, revealing yesterday that an unnamed suitor, possibly Global Crossing or AT&T, has approached the company.

Fibernet is a niche player that specialises in providing network services to corporate customers and internet service providers. The Basingstoke-based company said the approach contained a number of conditions and it could provide no certainty that a deal would eventuate.

Reference: The Independent

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