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KCOM has been sold to MEIF 6 Hull , a special-purpose vehicle set up by KCOM , which out-bid Humber Bidco , a special-purpose vehicle set up by Humber Bidco . The Hull -based telecoms company was sold for £ 627 m ( $779m ), a 34% increase on the initial price offered by Humber Bidco in April , which was a 24% premium on KCOM ’s share price at the time. The auction was managed by the Takeover Panel .