Energis Communications
Limited, briefly Telecom Electric, or more
usually just Energis was a 'technology driven
communications company' based in the UK
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.
History
The
Company was formed in 1992 as Telecom Electric by way of a
demerger from the UK
's National Grid
Company. Its national
optical
fibre network was partially deployed via the overhead power
transmission network of the grid. The Company was first listed on
the
London Stock Exchange and
the
NASDAQ in 1997.
Energis acquired a number of companies in the UK and Europe,
including
Planet Online, ISION AG and
others. At one point its
Market
capitalization was over £10 billion making it one of the
largest companies by market capital. However in the process the
Company over-extended itself with borrowings to fund these
acquisitions.
Planet Online, by then a subsidiary of Energis, worked with its new
parent to help Dixons launch the
Freeserve
ISP. Energis provided the telephony services and Planet Online
provided the
e-mail,
internet access etc.
Energis Plc was placed in
administration in July 2002,
with its UK operations immediately being transferred to Energis
Communications Ltd, a wholly owned subsidiary of a new holding
company owned by the banks and known as
Chelys.
In August 2005,
Cable &
Wireless made an offer to acquire the Company for £594 million.
The bid was accepted by a binding majority of Energis debt holders
and the company became part of Cable & Wireless on 11 November
2005.
Operations
In its final form, Energis provided a number of services based
around its core platforms of ISP, Transmission, IP Networking
(Energis had a
Cisco Powered Network,
using
MPLS technology), Contact Centre
Solutions and Voice (traditional switched telephony). All of these
services are now provided under the Cable & Wireless
brand.
Energis had a strong reputation for providing bespoke telecoms
services and developing innovation for a blue chip client base. At
the business' height in the early 2000s they had developed
significant in-roads into key market niches.
Energis provided services to a number of businesses, a few of the
more interesting were:
Senior management
Energis was led by a number of
Chief Executive Officers during its
existence.
- Mar 1993 - Dec 1995 David Dey
- Dec 1995 - Aug 2001 Mike Grabiner
- Aug 2001 - Jul 2002 David Wickham
- Jul 2002 - November 2005 John
Pluthero
References
- Back Channel
- Sykes sells Planet On-line
- Energis to buy ISION
- Planet Online Selects Cisco to Help Dixons Launch
Innovative Free Internet Service in UK
- Norman ready to energise Energis
- C&W set to win Energis race
- C&W/Energis merger to be finalised
shortly