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.
Such a difference in numbers of customers at an ISP has historically been due to disaffected clients feeling their options reduce to 'voting with their feet'.
Since the 'takeover' Bulldog customers have been told that there will be no change/business as usual, so any hope that Pipex would address failings has been dashed.
Were (techie) fans more interested in Michael Knight/David Hasselhof or his computerised car? Darker thoughts might lead one to wonder if a 'reduction' in the support liability is a clever commercial ploy to take over the more attractive LLU assets at reduced cost?