KCOM bidding war sees new £566m bid
The takeover battle for KCOM has taken a new twist after pension fund Universities Superannuation Scheme Ltd (USSL) increased its offer for the Hull-based telco.
USSL’s original offer of £504 million, or 97p a share, was recommended to shareholders in April with KCOM’s board believing it to be a “compelling opportunity”.
But in June, Australian-based Macquarie Infrastructure and Real Assets (MIRA) swooped in with a larger offer of 109p – valuing KCOM at £563 million.
A week-long auction is now underway between the two entities and USSL has landed the first blow, offering £566 million. It remains to be seen whether MIRA will attempt to beat the new offer.
Speculation regarding a takeover had intensified in recent months following a major profit warning issued last year, followed by a series of management changes. Virgin Media was one of the reported suitors, as the acquisition would allow it to enter an entirely new market.
BT and Virgin Media do not operate telephone or broadband services in Hull due to KCOMs historic advantage in the city. As a condition of its licence renewal in 1914, KCOM was required to purchase the local telephone infrastructure, whereas other regional telecom groups were absorbed into the General Post Office (GPO), which became BT.
A key difference, aside from white phone boxes, is that KCOM has used Fibre to the Premise (FTTP) for its superfast broadband rollout, rather than the Fibre to the Cabinet (FTTC) deployed by Openreach.
This means large parts of the region has access to some of the fastest speeds in the UK, but critics argue the company enjoys a monopoly – even though it is required to provide wholesale access to its infrastructure.
KCOM is expected to deliver the proposed universal service obligation (USO) to Hull and East Yorkshire, with Openreach covering the rest of the country.
- REMOTE Penetration Tester - UK. Senior
- United Kingdom
CH7941 Identifier Project REMOTE Penetration Tester - UK. Senior role. Agile, flexible company looking to attract an experienced Penetration Tester that values transparency, creativity and interesting varied work. To join a growing team to deliver varied (Infrastructure, Web application etc) remote penetration testing to an international client base. You must be technically exceptional, able to work remotely / independently and be able to effectively communicate / document / produce written reports. This is a client facing role, so you must be able to represent yourself and the business in the best light. Experience around penetration testing best practice / frameworks highly desired. Manual penetration testing experience highly valued. Any of the following tests / labs are desired, but experience over Pen 200, OSCP, TryHackMe (THM), HackTheBox (HTB), VulnHub, Virtual Hacking Labs (VHL) GIAC Certified Penetration Tester (GPEN) GIAC Exploit Researcher and Advanced Penetration Tester (GXPN) Offensive Security Certified Professional Certified Penetration Tester (CPT) Certified Expert Penetration Tester (CEPT) Offensive Security Certified Expert (OSCE) CompTIA PenTest+ EC-Council Licensed Penetration Tester Master Certified Mobile and Web Application Penetration Tester (CMWAPT)
- Head of CSOC (Cyber Security Operations Centre), London. Greenfield opportunity
CH7928 Identifier Project Head of CSOC (Cyber Security Operations Centre), London. Greenfield UNIQUE opportunity to establish, manage and grow a world class CSOC. Headquartered in the UK, the CSOC will grow and deliver cyber services into an international and underdeveloped market. As a greenfield site the Head of CSOC will be the first person on the ground to build a capability and team around them. The role will include, but not be limited to; Setting up and establishing a CSOC monitoring service using IBM QRadar and Palo Alto CORTEX XSOAR. Develop roadmap for future CSOC capabilities. Establish, develop processes, playbooks and use cases. Recruit, Build and train a specialist team. Build relationships with key clients- onboard and scale. The successful candidate must have experience working within / leading a technical Cyber Security monitoring capability. Technical experience working with IBM QRadar and Palo Alto CORTEX XSOAR will be highly beneficial, although other SIEM / Security Orchestration, Automation and Response tools are welcome as the skillset is transferable. This brings significant opportunity and welcomes creativity / best practice. Frequent travel to London office will be required. Chris.email@example.com 07884666351
- Aruba Data Centre Network Engineer
- Upto £500 a day
**Outside of IR35 contract** Aruba Data Centre Network engineer is required to start ASAP. You will be responsible for Data Center and Campus Network - Design and implementation of Aruba CX Switches, We are looking for an experienced data centre engineer who is happy to work remotely and autonomously Experience you will need to have, Solid Networking experience with good knowledge of -Routing & Switching - MP-BGP EVPN VXLAN, MPLS/VPLS, EIGRP, BGP, OSPF and Multicast, Experience with Aruba switches ideally the CX range Ideally SC cleared or able to become SC Cleared. This will be a 3 month rolling contract
- Network Engineer-
- 65000 plus bonus
An exciting opportunity has arisen with a global financal business that are looking for an experienced Network engineer with strong Firewall experience in particular Checkpoint You will be responsible for help to support and manage the network infrastructure both LAN/ WAN And VPNs and will have a focus on network secuirty (Checkpoint firewall and Security controls) This is a multi-Site environment with few thousand end users, As the business is growing so is the network so great opportunity to join an expanding business that will help cross-train you in both cloud and onsite solutions. They are looking for a strong network engineer with a mix of expereience o Experience with Azure networking managing VNETs, ExpressRoute, VPNs and other Azure network features such as NSG/MS loadbalancer is required. Working with Check Point firewalls in Azure is desirable. o In-Depth understanding of networking fundamentals including: Network topology, Data Centre Infrastructure systems, Layer 2/Layer 3 Switching, VLANs, Routing, VPNs, High availability protocols. o Demonstrable hands-on experience with Meraki Switches and wireless infrastructure, Arista software, Forcepoint Proxy (would be a strongly desirable), Citrix Netscaler, and Forescout CounterACT Location can be flexible, they are looking for someone who would be happy to do a hybrid working model 3 days at home 2 days in the office.