Pipex to sell to Tiscali for £210m
As suspected previously, Pipex are set to announce a £210million buy out of its broadband and voice customers today following talks with Italian competitor Tiscali. The Pipex brands encompassed 570,000 broadband customers at the end of 2006. The growth of Pipex over recent years has seen them consolidating Bulldog, Freedom2surf, Nildram and Toucan under the Pipex group.
When put up for sale, Pipex hoped they would be able to sell the business as a whole, but although initial interest looked promising, a complete buyout for the company was never found. The fate for the rest of the business, including hosting services and a Wi-Max venture is, as yet, unknown.