The race to the bottom

There is a new topic for drunken conversation at industry parties: is it going to be MGX going out with a whimper or AST going out with a bang first?

The MGX Group has a fairly good head start. Its constituent companies are distancing themselves from the group and the turnaround mantra from new CEO Peter Flack sounds more like he`s talking up the value of the subsidiaries he wants to sell.