Tiscali completes purchase of Pipex broadband and voice divisions
The Tiscali Board of Directors has approved the results for the first six months of the year up to 30th June 2007. The press release can be found at www.tiscali.com.
The first half of 2007 has seen the integration of Video Networks (HomeChoice), with the TV over broadband service expected to be available on all Tiscali unbundled exchanges during 2008. Tiscali UK gained 110,000 customers in the last quarter bringing its user base to a total of 1,550,000, of these 494,000 are on the unbundled network which comprises 800 exchanges covering roughly 55% of UK households.
The acquisition of the broadband and voice division of Pipex has now completed for a sum of £210m, which will bring a further 570,000 broadband customers to the Tiscali UK portfolio. This completed deal also brings 650,000 voice customers and 100,000 SME accounts, around 250,000 customers have a broadband/voice bundle.
Calculating the exact number of broadband customers with Tiscali UK is difficult as Pipex HomeCall made use of the Tiscali wholesale network, but the financial results suggest a total of 1.9 million broadband customers.