Pipex sale to Tiscali confirmed
A quick update for anyone following the Tiscali takeover of Pipex's broadband business--Following an EGM, Pipex shareholders have today voted in favour of the sale of the Pipex broadband and voice services to Tiscali UK today. The announcement to sell was made back in July with a price tag of £210 million. Pipex and Tiscali do not expect any restrictions to the sale although they voluntarily alerted the OFT to ensure a green light as soon as possible. Whether Tiscali will keep any of the existing brands or merge everything under the Tiscali banner isn't known at present. The full announcement can be found here.