Carphone Warehouse pull out of Pipex bid
FT.com today reports that Carphone Warehouse has withdrawn from the bidding for Pipex, one of the larger players in the UK broadband market. Pipex announced intention to sell back in March, with a stock market value of £336m. BT is believed to be the remaining interested party, after BSkyB, Virgin Media, and now Carphone Warehouse have cooled to the idea.
Update: There seems to be some confusion with thisismoney.co.uk reporting that BT has pulled out.