The Pipex Group has just boosted the size of its broadband customer base by a significant amount. Pipex has paid £12 million to acquire the roughly 118,000 residential and small business customers from Bulldog who Cable and Wireless have had up for sale for some time. An official announcement can be read on the Bulldog website.
Additionally the ISP Toucan has been acquired for £24 million from IDT Telecom, further boosting the company portfolio. Pipex is reported to have seen pretax profits double to £3.2 million in the last six months on a turnover of £119 million. The acquisitions give Pipex something like 570,000 broadband customers, and a total of 1,140,000 customers overall.
Part of the deal with Cable and Wireless sees Pipex signing up to use C&W LLU network which already has a footprint of 800 exchanges, this deal is thought to be worth something like £250 million over five years.
Pipex has also been in the news recently with the news of its WiMAX deployment in Milton Keynes, which will see five AirSpan HiperMAX base stations deployed. The initial trial is to see service to 500 people providing connection speeds of 2Mbps to 10Mbps. For those in Milton Keynes wanting to find out more the Milton Keynes Broadband Action Group are worth a visit.
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