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Smart Telecom expected to be sold this month

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    #2
    Onikage
    Registered Users Posts: 1,451 ✭✭✭Onikage


    Don't know Complete Telecom. Planet/plannet 21 sell networking equipment, sound lads and great service. Strange that they would be looking to buy an ISP though.


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    #3
    bk
    Moderators, Motoring & Transport Moderators, Technology & Internet Moderators Posts: 22,718 Mod ✭✭✭✭bk


    Sigh, if true doesn't look like good news for Smart customers (doubly so for those of us on Smart Vision exclusive developments).

    I guessed Smart was up for sale, but I was hoping for someone decent like O2 or Sky :(


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    #4
    watty
    Registered Users Posts: 32,417 ✭✭✭✭watty


    Not big enough or profitable for O2 or Sky.

    Your link broken. Smart Telecom to sell for under 15M
    They owe nearly €60M.
    According to a report in yesterday’s Sunday Times, Complete Telecom and Planet 21 are in talks to buy the company.
    Smart is really quite small, limited geographically and loss making.

    It will be interesting to see what happens. I had expected consolidation rather than a new player.


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    #5
    Robxxx7
    Registered Users Posts: 1,239 ✭✭✭Robxxx7


    PlanNet21 already fund Homevision.ie, front end of 3PlayPlus

    http://www.3playplus.ie/about.html

    So maybe they are looking to consolidate both business'


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    #6
    Onikage
    Registered Users Posts: 1,451 ✭✭✭Onikage


    Didn't know that. Small country.


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    #7
    TanG411
    Closed Accounts Posts: 2,836 ✭✭✭TanG411


    never knew they were making a loss. Been with them for 3 years and nothing ever went wrong. They always had a great service :pac:


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    #8
    Oracle
    Registered Users Posts: 3,630 ✭✭✭Oracle


    Seems unusual companies to take over Smart. I though O2 would just pick them up for the sake of market share and getting a foothold (albeit small) into the fixed line business. I wonder is this really just an announcement to stir the interest of bigger players who might be interested. If it is genuine it's disappointing, because HomeVision are more expensive for broadband: http://www.homevision.ie/broadband1.aspx and http://www.homevision.ie/bundles1.aspx?cat=2


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    #9
    bk
    Moderators, Motoring & Transport Moderators, Technology & Internet Moderators Posts: 22,718 Mod ✭✭✭✭bk


    watty wrote: »
    Smart is really quite small, limited geographically and loss making.

    Well I believe they have LLU'd exchanges which represent 500,000 lines, which is certainly not bad. I would havethought a good starting pointing for any company considering doing LLU in Ireland like O2 and Sky do in the UK.
    Robxxx7 wrote: »
    PlanNet21 already fund Homevision.ie

    So maybe they are looking to consolidate both business'

    They have a bad reputation for their IPTV service and their BB is much more expensive, so not good news for Smart Vision customers in particular. Hopefully they will retain the Smart tech staff who are excellent.


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    #10
    mrquiteaguy
    Registered Users Posts: 54 ✭✭mrquiteaguy


    Thanks watty for fixing my link.

    Checking out PlanNet21 aka Homevision's broadband packages,
    I am not impressed by their 50GB cap if they are to take over Smart.


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    #11
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭Sponge Bob


    They may reverse Homevision into the larger Smart instead .


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    #12
    watty
    Registered Users Posts: 32,417 ✭✭✭✭watty


    Seeing as the Homevision brand is not doing so good and complaints here about their IPTV.


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    #13
    watty
    Registered Users Posts: 32,417 ✭✭✭✭watty


    bk wrote: »
    Hopefully they will retain the Smart tech staff who are excellent.

    2/3rds (60 out of 90) Smart Staff are gone according to reports in the papers.


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    #14
    helimachoptor
    Moderators, Science, Health & Environment Moderators Posts: 21,656 Mod ✭✭✭✭helimachoptor


    watty wrote: »
    2/3rds (60 out of 90) Smart Staff are gone according to reports in the papers.

    The papers are wrong.


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    #15
    Mountjoy Mugger
    Registered Users Posts: 4,487 ✭✭✭Mountjoy Mugger


    Nothing like clarification.


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    #16
    helimachoptor
    Moderators, Science, Health & Environment Moderators Posts: 21,656 Mod ✭✭✭✭helimachoptor


    Staff count was reduced from 90-60 in Feb/March so its not exactly recent news.

    http://www.irishtimes.com/newspaper/finance/2009/0217/1224241279770.html


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    #17
    Mountjoy Mugger
    Registered Users Posts: 4,487 ✭✭✭Mountjoy Mugger


    I thought you said the papers are wrong? :)


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    #18
    helimachoptor
    Moderators, Science, Health & Environment Moderators Posts: 21,656 Mod ✭✭✭✭helimachoptor


    watty wrote: »
    2/3rds (60 out of 90) Smart Staff are gone according to reports in the papers.
    Mountjoy Mugger wrote: »
    I thought you said the papers are wrong? :)
    Can't you read...
    Two thirds of 90 staff is 60.. Whereas 1/3 is 30 which is the correct number...
    he said it was likely that “30-40 positions will be made redundant”. The consultation period comes to an end on February 24th at which time the exact number of job losses will become clear.
    Smart Telecom currently employs 90 full-time staff but has a significant number of contract staff working through third parties.


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