For Sale sign still hangs outside Energis

NEWS Energis may well receive additional funding from its bankers as the beleaguered telco's bankers continue to seek the best sale possible for the company. After last week rejecting a joint bid of around £500m from Apax Partners and Carlyle Group, Energis' backers are considering ongoing funding of £150m, according to a report in this morning's FT. Such a move should guarantee day-to-day operations for some time, though any eventual sale of a company once valued in billions of pounds will likely result in a larger loss for its bankers.