Categories: NetworksWorkspace

NHS And O2 Contracts At Risk At Troubled 2e2

Once seen as one of the UK’s leading systems integrators, 2e2 is now struggling and its sale could be finalised “in the very near term”, according to administrators overseeing the company’s future.

A statement from FTI Consulting, who were called in last week to handle the struggling retailer’s affairs, said there was “significant interest” in parts of the business.

FTI also confirmed that 26 more staff had their employment terminated in a conference call. Around 350 employees have left the company since it went into administration last Monday.Simon Granger, one of the three joint administrators at FTI Consulting, said: “There have been a significant number of expressions of interest in acquiring the UK and international businesses and we are confident that a sale can be concluded in the very near term.”

What about the O2 venture?

The administrators are presiding over a number of UK divisions in the 2e2 group. Meanwhile, 2e2′s international businesses in Jersey, Guernsey, Ireland, Spain and Holland, which are outside the insolvency process, have been able to continue trading but will also be put up for sale.

In April 2011, 2e2 and mobile operator O2 launched Unify, a joint ventore for outsourced communications. O2 has pledged to make sure customers of its Unify joint venture, which includes G4S and Network Rail, would not suffer any disruption to their service.

In June 2011, 2e2 was viewed as a healthy takeover target for network firm Cable & Wireless. However, Cable & Wireless was itself swallowed up for £1billion by Vodafone in 2012.

Read the full story on our channel site, ChannelBiz!

Speaking of networks – why not try our Cisco quiz!

Rene Millman, ChannelBiz

Recent Posts

UK’s CMA Readies Cloud Sector “Behavioural” Remedies – Report

Targetting AWS, Microsoft? British competition regulator soon to announce “behavioural” remedies for cloud sector

6 hours ago

Former Policy Boss At X Nick Pickles, Joins Sam Altman Venture

Move to Elon Musk rival. Former senior executive at X joins Sam Altman's venture formerly…

8 hours ago

Bitcoin Rises Above $96,000 Amid Trump Optimism

Bitcoin price rises towards $100,000, amid investor optimism of friendlier US regulatory landscape under Donald…

10 hours ago

FTX Co-Founder Gary Wang Spared Prison

Judge Kaplan praises former FTX CTO Gary Wang for his co-operation against Sam Bankman-Fried during…

11 hours ago