Sharechat Logo

UnitedNetworks gets leaner as it changes focus

By Phil Boeyen, ShareChat Business News Editor

Monday 25th September 2000

Text too small?
UnitedNetworks is putting its contracting division up for sale as part of its plans to move away from just being an electricity lines company.

UNL says in future it will outsource all its repair and maintenance work and some capital work.

CEO Dan Warnock says the decision follows with the company's change in direction from an electricity network company to a horizontally integrated network company with gas and telecommunications networks too.

"UnitedNetworks future lies in the intellectual capacity of our business, managing knowledge in asset strategy and network design, rather than the business of actually building and maintaining the network."

UNL recently announced it would be entering the telecommunications market, piggybacking off its gas distribution system to deliver such services as high speed business internet capability.

The company will be calling for expressions of interest over the next few weeks for its contracting business and expects a sale to be finalised by the middle of next year.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Two listed lines companies make the grade
Special Report: Electricity - Worth A Flutter?

IRG See IRG research reports