Am I mad or what?
Well, Transcomm (EPIC TRC ),have just got their house in order, just raised their profile with the Police and several national carriers for their always-on data network ( essential if any National event overloads/disrupts Vodaphone network ) - and could be used via a hand-held "palm-style" to get out essential messages.
Yet the directors want to accept a paltry 15p from BT!

No doubt BT would take this technology and make something of it - they would raise its profile and make it earn much more than it has in the past - BT would be getting 15m profit each year with relativly little effort. All for an investment of about 15m.
Yet to replicate the network would be hugely expensive - and it would take (probably) over a year to get running - so expense and lack of income - the TRC network was rumoured to have cost Bell-whoever that created it, many tens of millions and that was years ago when getting planning for masts was relativly easy.
One might argue that BT finds value from the planing-permission.

So, - why would Directors want to sell-out at a price, that the share has been above for most of its life? ( check last 4-years!) - they must have lost all hope, or have they awarded themselves too many Options at 5p, or are they expecting to be raised to the Board of BT?
It would be nice to think the answer is NO to these....for the price of 15p is but petty cash to BT and well below the value this network holds. Even 30p would mean profits would (soon) pay for the purchase in two full years of proper operation.
. Tjhe network is nothing like near capacity ( anyone say 10%?) so additional subscribers cost only the marginal-cost of sending the bill.

Anything I say will have 00 effect on this deal - one has to wonder why BT didn't spot this gem a year ago. I noticed the day it was announced BT shares went up nearly the amount of the offer, so it looks like it has "cost" BT nowt or close to it, jolly good BT.

In terms of making money some here will have bet the price UP and good luck to them, what is a pity is that another piece of Inovation has been allowed to die without even a whimper. Directors were entrusted to make returns for investors and again it looks as though the Investor is last to be considered. Last and Least one might say.