Feeds

Easynet in broadband marriage with Ipsaris

Love at first site

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

Easynet has increased its standing as a European broadband player following the agreed merger with Marconi's high capacity optical network business, Ipsaris.

The new operation - which will focus on providing broadband services to business users - will trade under the Easynet brand valuing the enlarged UK plc at around £475 million.

Easynet will acquire Ipsaris in exchange for 82.9 million Easynet shares.

The move will give Easynet a much-needed cash injection to pursue its broadband agenda with the enlarged group having around £314 million of cash to support its growth strategy.

A quarter of Easynet's 27,100 business customers use broadband services but this deal is expected to increase that figure once ipsaris' 3,500 km network of fibre cable is completed later this year.

No job losses are expected to be announced as part of the deal.

David Rowe, chairman and CEO of Easynet, said: "The merger of Easynet and Ipsaris has compelling strategic and financial logic.

"The complementary strengths of Easynet and Ipsaris will enable the enlarged group to accelerate our strategy of delivering broadband services to business customers, " he said. ®

Reducing security risks from open source software

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.