TXU Announces Sell

TXU announced May 15, 2003 that it was going to sell its interests in the telecommunications business.

That includes the TXU Communications Telephone Operations based in Lufkin. The company said the move is designed to allow TXU to focus on its core business, which is energy.

A spokeswoman for TXU Communications told the East Texas News the company did not have a buyer at the time of the announcement. The announcement of the intended sale was just the first step in a long process. Once a buyer was found, the sale could take between 9 and 12 months. The spokeswoman said the announcement will have no effect on TXU Communications customers or employees at the time.