Feeds

Affinity Internet flogs ISP operation

Bye

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Affinity Internet Holdings - which provides white label ISP services for companies including Powergen, the Royal Bank of Scotland and WHSmith - has flogged its Internet operation.

An outfit called Cleverview Investments Ltd has bought the whole of Affinity's ISP operation for £250,000. It has also taken on the debts of Affinity's Internet business.

AIH has made it clear that no jobs will be lost as part of the buy-out. The Register understands that Cleverview is to rebrand its newly acquired ISP under Breathe Internet Ltd.

Instead, AIH intends to concentrate on its profitable mobile and fixed line telephony business. And as part of the agreement, AIH has also been allowed to continue using the breathe brand to market its telecoms services under the breathe name.

Affinity's Internet services business generated a turnover of £10.6m and operating losses of £6.5m in the nine months ended 30th September 2002 - just under 20 per cent of Affinity's total revenue.

In a statement AIH chief exec, June May, said: "Affinity's strategy has not changed. The agreement will enable Affinity to continue to sell white-label, integrated communications services using the breathe services.

"Affinity will now be able to focus on delivering our profitable mobile and fixed line telephony business. The agreement will improve Affinity's operating performance in 2003," said May. ®

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.