Lloyds Capital will expect their pound of flesh.....
.....and they will get it, extracting maximum value out of the business (i.e Bleed it dry) before then disposing of the carcass choppity-chop, oh wait, Deja Vu!
Watching the telecomms industry is like watching nature at work. One company falls prey to another, get's outsted from it's den/has food stolen, then falls prey to smaller and smaller beasts who take what they want to until finally it's just a scattering of bones.
If anyone thinks anything other then they seriously have not watched what has happened in the industry over the last 10 years at least. Employees suffer, customers suffer, management gain and shareholders gain, thank you very much and good night.
Nice knowing you Easynet, I expect a small little piece in the Reg in about 5 years announcing the burial of some bones found somewhere in London.
Oh, and don't criticise Nomes, he's right in one respect, David and Justin will do extremely well out of this, they'll grab what they can on the way down and then jump ship onto the next big beast that they like the look of (Cycle and repeat), I don't know about "the team" though, but hey, they are nameless anyway, casn easily be sacrificed (As they will be).