In September 2006 Pipex started the moves to acquire Bulldog retail broadband customers for £12million. Reuters.co.uk has details of a trading update from Pipex that reveals it is expecting to acquire 80,000 customers from Bulldog rather than the previously published figures of 110,000. It is not clear why there is such a large change.
It seems Pipex in its original offer was set to pay a fixed price per Bulldog customer it acquired, so the original £12m will now be adjusted downward.
Pipex has also announced that it has unbundled 20,000 of its 570,000 broadband customers.