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Pipex buy even more customers
Posted by: eusty on Thursday, September 07, 2006 - 01:58 PM
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It seems like Pipex has money to burn today, after
snapping up
Bulldogs customers for £12m it's splashed out a further £24 for Toucan.
The deal is to pay IDT Telecom £4m in stock and £20m in cash for the
ISP and will gain Pipex an extra 185,000 customers, taking the ever growing
total to 1.14m with the number of broadband subscribers to 570,000.
| "The acquisition of Toucan brings Pipex further scale across broadband
and voice and we welcome Toucan customers to the Group. Toucan maintains
very high levels of customer service in Ireland which we intend to
replicate across the Group as a whole. "Importantly, this acquisition
will enable Pipex to provide triple play in the UK market by the end of
2007. Broadband, voice and mobile will be bundled and offered to our
entire base in the coming months." |
| Peter Dubens, Chairman of Pipex |
It seems 'The Hoff' is pulling the cash in.
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