The Register® — Biting the hand that feeds IT

Thus group sells off Dutch Demon

ISP to get UK-focused

Free webcast: Service level monitoring and management

Thus, the company behind the Demon brand, has agreed to sell its Dutch arm to telco Royal KPN NV for £47m. The deal is now before the Works Councils of both firms for rubber-stamping.

The Demon ISP has 77,000 subscribers in the Nertherlands and brought in £19.8m over the past year with EBITDA (earnings before interest, tax, depreciation and amortisation) of £2.2m. The operation's assets are valued at £5.3m.

Thus announced plans to concentrate on its domestic operations in a strategy review in February. The group is aiming to focus on the UK business market.

It will post its annual results on 19 June. ®

Free webcast: Service level monitoring and management

Sign up, sign up for The Register's weekly mobile & wireless newsletter - click here

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes