redstone in news
RSS redstone in newsShareholders on top in Redstone rumpus
News Beleaguered telco Redstone has given into pressure from shareholders over its controversial rescue package. On 5 July, Redstone chief executive Ian Brown warned that should the telco be forced into... [11 Jul 2001]
"Our way or the highway," Redstone chief tells shareholders
News Redstone Telecom has warned its shareholders to back its plans for an emergency rescue package or face liquidation. In a letter to the Redstone Action Group (RAG), Redstone chief... [05 Jul 2001]
New man turns his back on Redstone's past
News Troubled telco Redstone Telecom is to reassess its business as it appeals to the market for new cash following the departure of CEO Graham Cove. Redstone, best known (certainly to silicon readers) for... [26 Jun 2001]
High noon for CEO as Redstone asks for a few dollars more
News Graham Cove, managing director and chief executive at Broadband pioneer Redstone Telecom, has given in to pressure to resign as the cash-strapped company goes cap-in-hand to the City. Redstone is a... [26 Jun 2001]
Stockwatch Daily: UK telcos trip in early trading
News Troubled telco Redstone had lost more than 29 per cent by 09:10(BST). In London telecoms stocks had to withstand an early morning bashing. The company is fighting to keep its head above water and has said it hopes to... [26 Jun 2001]
Redstone shares take a nosedive
News Redstone shares have continued to slide reaching a low of 2.5p earlier this morning, wiping 50 per cent off its opening price. This followed news that the company is seriously considering a rights issue to raise £22m. [22 Jun 2001]
£20m rights issue may yet save Redstone
News Redstone Telecom is expected to announce within the next few days a rescue plan it hopes will raise about £20m. Redstone is looking to shore up its finances after its share price plummeted 75 percent in... [22 Jun 2001]
Broadband pioneer hits a sticky patch
News UK broadband provider Redstone is scouring the City for cash after plans for a rights issue were scuppered by a share price meltdown that has mystified analysts. Redstone is not commenting but has issued... [13 Jun 2001]
Companies excluded from the FSTE4GOOD UK
News Redstone Telecom Alterian Anite Group Atlantic Telecom Group Autonomy Azlan Group BATM Advanced Communications Bookham Technology Cadcentre Group Cedar Group CML Microsystems Diagonal Easynet Ecsoft Group [10 Jun 2001]
Redstone strikes 'a deal with the devil'
News Local loop pioneer Redstone Telecom has taken a surprising U-turn and signed a deal with BT. Under the deal, named MacroNet, Redstone will gain access to BT's fibre-optic networks.... [29 May 2001]
Redstone FD hits the road
News Harrold is the fourth top Redstone director to leave in the past month. The news ironically came as Redstone was wooing analysts and investors by demonstrating the successful installation of its SDSL 1... [10 May 2001]
BT's recalcitrance forces Clara.net to drop ADSL rollout
News Redstone Communications announced similar plans early last year. Clara.net revealed to silicon.com this week, that it intends to find properties near local exchanges in major UK cities, which will enable it to roll out... [27 Apr 2001]
Redstone defies BT with broadband first
News The customer, Garner Wood, an estate agent and property surveyor, is typical of the small to medium-sized enterprise Redstone is targeting with its SDSL service. In January Redstone dropped out of the... [25 Apr 2001]
Redstone chops top jobs
News Redstone spokesman Suzy Streeter said: "If the market were not like this we would not have taken this step. Redstone is also promising a move to g.SHDL standards later this year, offering up to 2.3... [21 Mar 2001]
DSL players luke warm over latest unbundling plans
News Bob Cushing, strategy and development manager at Redstone Telecom, the only company to have announced plans to provide DSL using equipment outside BT exchanges, dismissed the new rulings as too little, too late. [05 Mar 2001]
