Science Fair Project Encyclopedia
Thus plc began life in 1994 as Scottish Telecom, an offshoot of the privatised energy company Scottish Power. In 1999, it was floated on the London Stock Exchange as Thus, with Scottish Power retaining a majority shareholding.
In 2002, Thus was demerged from Scottish Power in a deal which effectively wiped out the majority of the company's debts, placing the company on a sound financial footing. The demerger also led to the creation of Thus Group plc, a holding company which owns Thus plc. All shares held in Thus plc became shares held in Thus Group plc.
Thus is a supplier of telecoms and Internet services to businesses, and, through its Demon brand, supplies some services (most notably Internet services) to home users. Major customers include its former owner Scottish Power and Southern Water (which was also once a Scottish Power subsidiary), as well as Glasgow City Council, Capital Radio and Sky.
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