DiamondTelecommunicationsPLC.docVIP

Diamond Telecommunications PLCThe Early Years Diamond communications was established in 1971 as a wholly owned subsidiary of the post office, then a public corporation. The company was origin ally called UK CarCom and control passed from the Post Office to the then state owned British Telecom. At this time the head office for UK CarCom were relocated to Edinburgh. In 1984 the UK government sold a majority stake in British Telecom, and sold the whole of UK CarCom. A controlling share in UK CarCom was purchased by a consortium of London based venture capitalists, with the remaining shares being