Though telco may be getting some pre-sale investment
By Tony Hallett
Published: 8 July 2002 08:00 GMT
Energis may well receive additional funding from its bankers as the beleaguered telco's bankers continue to seek the best sale possible for the company.
After last week rejecting a joint bid of around £500m from Apax Partners and Carlyle Group, Energis' backers are considering ongoing funding of £150m, according to a report in this morning's FT.
Such a move should guarantee day-to-day operations for some time, though any eventual sale of a company once valued in billions of pounds will likely result in a larger loss for its bankers.
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