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Redstone rises from the ashes
News Redstone has reported a 12 per cent increase in revenues in the six months to 30 September, just four months after it was staring liquidation in the face. With Ian Brown replacing Graham Cove as chief executive, the company now appears to have... [23 Nov 2001]
Redstone loses last founder
News Just three months into his chairmanship at troubled UK carrier Redstone Telecom, Simon Slater-Thomas has announced he is moving on. According to the FT he had seen his worth in Redstone shares shrink from £70m to around £70,000 following an... [30 Oct 2001]
Redstone share circus continues
News Redstone Telecom investors have called on the London Stock Exchange to investigate short selling in the company's shares. The Redstone Action Group (RAG) claims that investors who bought shares prior to last week's emergency meeting cannot exercise... [18 Jul 2001]
Redstone on the brink of a nervous breakdown
News Ailing telco Redstone Telecom is in further trouble this week, with shareholders calling for the government to investigate exactly what's been going on at the company. Investors are urging the Department of Trade and Industry to look into the rapid... [16 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 its pioneering work in developing SDSL in the... [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 pioneer of Symmetrical DSL, a local loop... [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). The company's chief executive, Graham Cove, is set to jump ship following what the company describes as "differences over the company's future direction". [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 three weeks, closing at an all time low... [22 Jun 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 megabits transmission capacity. [21 Mar 2001]
The Usual Suspects
Comment In the last month or so, Kingston, Norweb, Redstone and Thus have all withdrawn from DSL trials. Redstone found out that co-location was economically unviable, and is now building its own exchanges near BT's. [09 Feb 2001]
World Online joins DSL exodus
News Earlier in the month, Redstone said it was tired of waiting for the long-protracted process of unbundling to happen, and announced plans to build its own exchanges next to BT's buildings. World Online had been given space in a BT exchange in... [05 Feb 2001]
The politics of premises: Co-location and unbundling the local loop
Comment Redstone Telecom has chosen to go it alone, hooking up its equipment by building boxes adjacent to BT exchanges. Redstone announced on 19 January that its broadband services will be available in some areas by April. [30 Jan 2001]
'You can stick your local loop': Redstone goes it alone
News Redstone responded quickly to Oftel's announcement yesterday that it is bringing forward the second wave of exchange access by matching the new date for the launch of its own service via distance location. [19 Jan 2001]
Oftel tells BT to slash local loop deadline
News The agreement to open urban exchanges three months ahead of schedule was reached at a meeting held at Oftel's London headquarters with telcos including Bulldog Communications, Cable and Wireless, Colt Communications and Redstone Telecom. [18 Jan 2001]
