Kingston Telecommunications, the Hull-based telecom group, is close
to appointing Gavin Anderson to handle its financial PR. The company,
owned by Kingston-upon-Hull Council, does not currently retain a
financial PR firm.
The appointment of Gavin Anderson is likely to lead to speculation that
Kingston is considering a stock market flotation to generate funds for
expansion. The company, which is the only municipally owned telecom
company in the UK, has been in existence for almost 100 years. Any
flotation would be likely to generate considerable interest from local
investors in Hull.
Kingston Telecommunications supplies telecom services to the city of
Hull but has also diversified into other services, such as software
development through its Edinburgh-based division Kingston-SCL and a
trial with Video Networks allowing viewers to select films and
programmes via their television.
It also has a joint venture with Yorkshire Electricity called Torch
Telecommunications which is setting up a network for corporate
Kingston was recently criticised by the outgoing director-general of
regulator Oftel, Don Cruickshank, for its outmoded technology and may
need to invest to raise standards.
A Kingston Telecommunications spokesman said: ’We can not confirm the
appointment (of Gavin Anderson). We are still in discussions.’