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Pipex buy even more customers
Posted by: eusty on Thursday, September 07, 2006 - 01:58 PM
Pipex

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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