GreatXscape, the ISP with close ties to telco Eurocall, is looking to invest in UK ISPs.

Richard Simpson, Head of Acquisitions, at GreatXscape, wouldn't say exactly how much he's got to spend but that it was a "seven figure" sum.

"We have significant funds for serious investment," he said.

Ideally, Mr Simpson is looking for medium sized ISPs – companies preferably serving the small and medium sized business market.

That said, at the moment he's open to proposals and is prepared to keep an open mind. However, he insists that businesses will only be considered if they have good business models and good revenues.

GreatXscape is already talking to a number of ISPs but is keen to talk to others.

Mr Simpson can be contacted here. ®