Nomura snaps up Hyder outsourcing division
29 Nov 2000
Japanese investment bank Nomura has bought the outsourcing division of Hyder, the Welsh utility company, for about 100m, after failing to buy the whole company earlier in the summer.
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Hull-based telecoms group Kingston Communications has ditched plans to develop a national high-speed broadband network on its own and is seeking partnerships to help shoulder the financial burden.
Japanese investment bank Nomura has bought the outsourcing division of Hyder, the Welsh utility company, for about 100m, after failing to buy the whole company earlier in the summer.
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