This transaction brings together two companies which are growing strongly with highly complementary geographical activities.
"Peter Erskine" is an United States/American Jazz drumming/jazz drummer and composer living in Los Angeles who has been a session drummer, recording and touring with many famous jazz and rock artists, including Steely Dan, Weather Report, Steps Ahead and even Kate Bush. Erskine also produces teaching materials, such as books, videos, and online content.
More Peter Erskine on Wikipedia.It's ... good for customers. They have no overlapping territory, so they will be able to offer our customers better roaming and better services around the world.
It is very good for shareholder value. It's an all-cash offer. It's £2 a share, which is somewhere in the range of a 25% premium over the last three months.
The strong growth that we reported across all our businesses in the first quarter was maintained into the second quarter, and this will be reflected in our first-half results.
There is no point in launching technology before customers are ready to use it.
Finally, it's very good for our people. Because there's no overlapping territories, we can really build on what we've got, as opposed to having to integrate and rationalize jobs.
Our strong momentum is being sustained in both the pre-pay and contract markets, and the customer retention programmes put in place at the start of the year are continuing to deliver improved churn metrics.
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