Hull City Council to sell share in Kingston Communications
Kingston Communications started life in 1902 when Hull Corporation, part of the City Council, was granted a licence to operate services in the Kingston upon Hull Area. Since then, things have moved on seeing one of the first interactive television services launched in 1999.
News today on the KCom.com indicates that Hull City Council is looking to sell its 157,499,999 ordinary shares (a 30.6% stake) 'subject, inter alia, to market conditions'.
In 2004 Kingston acquired Eclipse Internet, and then in 2007 Mistral Internet both giving the provider ADSL services across the UK.
With the amount of tactical buying and selling in the UK broadband market, it will be interesting to see which providers make a move. Kingston upon Hull is the only part of the UK to not have a BT local loop presence.