Communication Breakdown
Communications from the world of, er, communications. And other stuff.
Friday 13 July 2007, 11:36 AM
Tiscali buys most of Pipex
See update below, and full story here
Is it true? Is it not? Dunno, and that's why it's going in a blog post rather than a story.
If you're interested, though, check out a Times article on the speculation here. According to that report, Pipex has fallen victim to the high-street "free broadband" offers, which are now widely regarded as being a terrible deal and have ratcheted up customer dissatisfaction no end. Go figure.
UPDATE (4pm): Yes, it's happened. £210m enterprise value - not bad. The deal covers broadband and voice - that's a million customers - leaving Pipex pretty much with its wireless side (so keep an eye open for mobile WiMax). Pipex's ex-customers get to join the triple-play TV-broadband-phone revolution, while Tiscali will now have around 1.9m customers - around 15 percent of the UK broadband market. Trebles all round! Have a good weekend.
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