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.
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.
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