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Thus was a telecommunications provider operating in the United Kingdom based in
On 4 October 1999 Scottish Telecom announced their new name "thus".
A short while later in 1999, the newly named Thus PLC listed on the London Stock Exchange.
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.
In August 2004 it sold its call centre operation to Response Handling Ltd and in 2006 it acquired Your Communications and Legend Communications.
On 28 May 2008 C&W makes offer for Thus
Reuters, 30 June 2008 On 1 October 2008, Cable & Wireless completed the takeover of Thus: the company became known as "Thus, a Cable & Wireless business".
Glasgow
Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as well as being the 27th largest city by population in Europe. In 2020, it had an estimated popul ...
, Scotland
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the ...
. The company was once listed on the London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
and became a subsidiary of Cable & Wireless Worldwide (CWW). Following the acquisition of Cable & Wireless Worldwide by Vodafone
Vodafone Group Public limited company, plc () is a British Multinational corporation, multinational Telephone company, telecommunications company. Its registered office and Headquarters, global headquarters are in Newbury, Berkshire, England. It ...
in July 2012, the company was gradually integrated into Vodafone. This was completed on 1 April 2013.
History
The company was founded in 1994 as ''Scottish Power Telecommunications Holdings Ltd'' (trading as ''Scottish Telecom''), an offshoot of the energy companyScottish Power
Scottish Power is a vertically integrated energy company based in Glasgow, Scotland. It is a subsidiary of Spanish utility firm Iberdrola.
ScottishPower is the distribution network operator for Central and Southern Scotland, Merseyside, North ...
. In 1998 the company acquired Demon Internet
Demon Internet was a British Internet service provider, initially an independent business, later operating as a brand of Vodafone. It was List of UK ISPs by age, one of the UK's earliest ISPs, offering dial-up Internet access services from 1 June ...
. Rod Matthews
Roderick Alfred Matthews Order of the British Empire, MBE (born 1943) is a UK, British businessman, involved in the telecoms and information technology, IT sector, as well as the founder of Scottish Telecom, now known as Thus (company), Thus.
Car ...
, who had founded the business, remained as Chief Executive until 1999.
On 4 October 1999 Scottish Telecom announced their new name "thus".
A short while later in 1999, the newly named Thus PLC listed on the London Stock Exchange.
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.
In August 2004 it sold its call centre operation to Response Handling Ltd and in 2006 it acquired Your Communications and Legend Communications.
On 28 May 2008 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 (via subsidiary Mercury Communications). The company later offer ...
announced their intention to purchase the company with an offer of 165p per share: this first offer was rejected on 6 June 2008. 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.Reuters, 30 June 2008 On 1 October 2008, Cable & Wireless completed the takeover of Thus: the company became known as "Thus, a Cable & Wireless business".
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.Network
*National Network built on Nortel Optera LH DWDM Infrastructure. *160 Wavelength Capable *10Gbit/s/wavelength *Multiple 10Gbs SDH layers based on Nortel Connect DX platform. *Lower order SDH Layers for VC-12 granularity. *Cisco based MPLS Network 10Gbit/s capable.References
External links
* {{Authority control Telecommunications companies of the United Kingdom Companies formerly listed on the London Stock Exchange Companies based in Glasgow Telecommunications companies established in 1994 Scottish brands British companies disestablished in 2013 1994 establishments in Scotland 2013 disestablishments in Scotland British companies established in 1994