Feeds

Pipex swallows Nildram

Gulp!

  • alert
  • submit to reddit

Business security measures using SSL

Pipex has bought AccentUK Limited - which trades as the much-respected independent broadband ISP, Nildram - in a deal worth £12.9m. The acquisition, announced today on the stock exchange, willl add around 35,000 broadband punters to Pipex's existing customer base, taking its total number of ADSL punters to 162,000.

Said Pipex chairman, Peter Dubens: "The acquisition of Nildram further strengthens Pipex's position as a leading UK provider of broadband services and takes the total number of broadband customers to 162,000. We continue to focus on our strategy of growth through both organic and acquisitive means, through opportunities which provide a clear strategic fit. The success of this strategy is demonstrated by the growth of our total customer base from approximately 12,000 customers in 2002 to over 350,000 customers today and a significant improvement in gross margin."

At the end of July 2004 Nildram had some 35,000 broadband customers, a third of which are estimated to be business customers. In the year to March Nildram generated £14.1m in revenues with EBITDA (earnings before interest etc) notched up as £366,563.

Announcing the deal, Pipex also reported that its broadband division continues to experience "good growth" and remains the fifth largest ADSL provider in the UK. For the first six months of the year, the number of punters signing up tot he service each month increased from 5,000 in December 2003, to just under 8,000 in June 2004.

Pipex also said it planned to launch a Voice over Internet Protocol (VoIP) service for small businesses (SME) by the end of the year.

In April, Pipex acquired Host Europe for £31.2m after making a recommended cash offer for the Web business. Pipex sad the deal was a neat match since more and more punters want telecom services from a single supplier. ®

Related stories

Host Europe morphs into Pipex
BT's DSL market share carries on falling
Pipex pipes-up with 150k DSL
Pipex acquires Host Europe for £31m

Providing a secure and efficient Helpdesk

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
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
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.