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