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From BBC | Tuesday 4 June 2019

Firm previously backed a £504m bid by the Universities Superannuation Scheme (USS)

Hull telecoms company KCOM is famous for its cream phone boxes.

Hull telecoms company KCOM has ditched a takeover by one of Britain's biggest pension funds after a new offer added almost £60m to its value.

The firm - famous for its cream-coloured phone boxes - had previously backed a £504m bid by the Universities Superannuation Scheme (USS).

But its board is now supporting a £563m bid from Macquarie Infrastructure and Real Assets (MIRA).

KCOM holds a monopoly over telecoms in Hull and other areas of East Yorkshire,

Read the full story here.

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