Thus (company)

Last updated

Thus Ltd.
Type Subsidiary
Industry Telecommunications
Founded1994 (as Scottish Power Telecommunications Holdings Ltd)
Headquarters Glasgow, Scotland, UK
Number of employees
1,700 (2009)
Parent Vodafone
Website www.thus.net

Thus was a telecommunications provider operating in the United Kingdom based in Glasgow, Scotland. The company was once listed on the London Stock Exchange and became a subsidiary of Cable & Wireless Worldwide (CWW). Following the acquisition of Cable & Wireless Worldwide by Vodafone in July 2012, the company was gradually integrated into Vodafone. This was completed on 1 April 2013. [1]

Contents

History

The company was founded in 1994 as Scottish Power Telecommunications Holdings Ltd (trading as Scottish Telecom), an offshoot of the energy company Scottish Power. In 1998 the company acquired Demon Internet. [2] Rod Matthews, who had founded the business, remained as Chief Executive until 1999. [3]

Thus Business Card - Page 1.jpg

On 4 October 1999 Scottish Telecom announced their new name "thus". [4]

A short while later in 1999, the newly named Thus PLC listed on the London Stock Exchange. [5]

Front and back of a London-branch employee's business card showing the original Thus logo and internet domain name "let-it-be-thus.com" - circa 2000. Thus Business Card - Page 2.jpg
Front and back of a London-branch employee’s business card showing the original Thus logo and internet domain name "let-it-be-thus.com" - circa 2000.

In 2002 it was demerged from Scottish Power in a deal which effectively wiped out the majority of the company's debts, placing the company on a sound financial footing. [6]

In August 2004 it sold its call centre operation to Response Handling Ltd and in 2006 it acquired Your Communications and Legend Communications. [7] [8]

On 28 May 2008 Cable & Wireless plc announced their intention to purchase the company with an offer of 165p per share: this first offer was rejected on 6 June 2008. [9] On 30 June 2008, Cable & Wireless announced that it had acquired a 29.9% stake in Thus and tabled an improved offer of £329 million, or 180p per share. [10] On 1 October 2008, Cable & Wireless completed the takeover of Thus: the company became known as "Thus, a Cable & Wireless business". [11]

Operations

The company supplied some services (most notably Internet services) to small businesses. Many of its major customers had their business transferred to Cable & Wireless Worldwide. [11]

Network

Related Research Articles

Bell Canada Canadian telecommunications and media company

Bell Canada is a Canadian telecommunications company headquartered at 1 Carrefour Alexander-Graham-Bell in Montreal, Quebec, Canada. It is an ILEC in the provinces of Ontario and Quebec and as such, was a founding member of the Stentor Alliance. It is also a CLEC for enterprise customers in the western provinces.

Demon Internet was a British Internet service provider, initially an independent business, later operating as a brand of Vodafone. It was one of the UK's earliest ISPs, offering dial-up Internet access services from 1 June 1992.

Singtel Optus Pty Limited is an Australian telecommunications company headquartered in Macquarie Park, New South Wales, Australia. It is a wholly owned subsidiary of Singaporean multinational telecommunications conglomerate Singtel. Optus is the second-largest wireless carrier after Telstra in Australia, with 10.5 million subscribers as of 2019.

Cable & Wireless Worldwide

Cable & Wireless Worldwide PLC was a British multinational telecommunications services company headquartered in Bracknell, United Kingdom. It was formed in 2010 by the split of Cable & Wireless plc into two companies, the other being Cable & Wireless Communications serving Central America and the Caribbean.

Vodafone British multinational telecommunications company

Vodafone Group plc is a British multinational telecommunications company. Its registered office is in Newbury, Berkshire, England and its global headquarters is in London. It predominantly operates services in Asia, Africa, Europe, and Oceania.

BT Ireland

BT Communications (Ireland) Limited is a telecommunications and internet company in Ireland. It is a subsidiary of BT Group plc.

Cable & Wireless plc

Cable & Wireless plc was a British telecommunications company. In the mid-1980s, it became the first company in the UK to offer an alternative telephone service to British Telecom. The company later offered cable TV to its customers, but it sold its cable assets to NTL in 2000. It remained a significant player in the UK telecoms market and in certain overseas markets, especially in the former British colonies of the Caribbean, where it was formerly the monopoly incumbent. It was also the main supplier of communication in the British South Atlantic, including Saint Helena and the Falkland Islands. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

Liberty Global is an Anglo-Dutch-American multinational telecommunications company with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global plc, Liberty Global B.V. and Liberty Global, Inc., with the first of these being publicly-traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC). Liberty Global is the largest broadband internet service provider outside of the U.S.

Energis Communications Limited, briefly Telecom Electric, or more usually just Energis, was a 'technology driven communications company' based in the United Kingdom and Ireland. The company was once a constituent of the FTSE 100 Index, but subsequently went into administration, and then became a subsidiary of Cable & Wireless, in turn acquired by Vodafone.

The telecommunications industry in China is dominated by three state-run businesses: China Telecom, China Unicom and China Mobile. The three companies were formed by restructuring launched in May 2008, directed by Ministry of Information Industry (MII), Nationals Development and Reform Commissions (NDRC) and Minister of Finance. Since then, all the three companies gained 3G licenses and engaged fixed-line and mobile business in China.

Telecom Egypt, is Egypt's primary telephone company. It started in 1854 with the first telegraph line in Egypt. In 1998, it replaced the former Arab Republic of Egypt National Telecommunication Organization (ARENTO).

Internet access is widely available in New Zealand, with 93% of New Zealanders having access to the internet as of January 2020. It first became accessible to university students in the country in 1989. As of June 2018, there are 1,867,000 broadband connections, of which 1,524,000 are residential and 361,000 are business or government.

GO (Malta)

GO p.l.c. is a Maltese integrated telecommunications company. It is a quadruple play provider that offers local and long distance telephone services, wireless services, digital terrestrial television, DSL and Fiber to the home Internet access. GO is based in Marsa, Malta.

Internet in Iceland

The use of the Internet in Iceland places Iceland among the top countries in the world in terms of Internet deployment and use. The use of internet in Iceland is widespread. Iceland has been at the forefront of adopting new internet access technologies starting in the early 1990s with dial-up connections. Today, 1Gbit/s speeds are available to 82% of citizens through full-fibre networks.

Vodafone Global Enterprise Limited is a multinational company which provides telecommunications and information technology services to large corporations, and a wholly owned subsidiary of Vodafone Group Plc. It is headquartered in London, England and was established in April 2007.

Europe India Gateway (EIG) is a submarine communications cable system that connects the U.K., Portugal, Gibraltar, Monaco, France, Libya, Egypt, Saudi Arabia, Djibouti, Oman, United Arab Emirates, and India.

Cable & Wireless Communications Ltd operating as C&W Communications is a telecommunications company which has operations in the Caribbean and Central America. It is owned by Liberty Latin American and is headquartered in Denver, Colorado.

LIME, an acronym for 'Landline, Internet, Mobile, Entertainment', was a communications provider owned by the British based Cable & Wireless Communications for its operations in Anguilla, Antigua & Barbuda, Barbados, British Virgin Islands, Cayman Islands, Dominica, Grenada, Jamaica, Montserrat, St. Kitts & Nevis, St. Lucia, St. Vincent & the Grenadines and Turks & Caicos in the Caribbean.

Monaco Telecom

Monaco Telecom is the main telecommunications provider in the Principality of Monaco. The company was founded in 1997 following a decision by the government of Monaco to privatize the state-owned Office Monégasque des Téléphones.

References

  1. "Changes to your invoices" (PDF). Vodafone. April 2013. Retrieved 17 April 2013.
  2. Scottish Telecom buys Demon Internet Internet News, 5 May 1998
  3. Matthews in new venture Independent on Sunday, 31 March 2001
  4. "ScottishTelecom Changes Name - InternetNews". www.internetnews.com. Retrieved 9 August 2020.
  5. Journal, Silvia Ascarelli Staff Reporter of The Wall Street Journal (26 October 1999). "Scottish Firm Thus PLC Leads Telecom IPO List". Wall Street Journal. ISSN   0099-9660 . Retrieved 9 August 2020.
  6. And thus the demerger finally came to pass Independent, 20 December 2001
  7. RHL secures buy-out of contact group Thus Precision Marketing, 16 July 2004
  8. Thus agrees to buy Your Communications and Legend Financial News, 1 February 2006
  9. Thus Group rejects Cable & Wireless approach Archived 4 October 2011 at the Wayback Machine Announcement, 6 June 2008
  10. C&W makes offer for Thus Reuters, 30 June 2008
  11. 1 2 "Cable & Wireless buys Thus". ZD Net. 2 October 2018. Retrieved 30 June 2018.