
There
are many who still refer to the company as Pye Telecom, but the
Pye name was dropped in 1987 in favour of Philips Telecom, even
though Philips had held a controlling interest since 1967.
On
the 1st July 1996, the company is known as Simoco Telecommunications
Ltd. (Simoco = Systems and Mobile Integrated Communications.)
The people, the places, the phone numbers are all the same, but
the company is no longer part of the Philips organisation.
It has been bought out by a group headed by the former MD
of the Mobile Radio Division of Philips, Ian Mackenzie, with backing
from CINVen, the venture capital arm (Coal Investments) of the
old Coal Board, who have a reputation in the City as being shrewed
judges of a good buy. Philips still retain a minority interest.
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