Thus group sells off Dutch Demon
PrintISP to get UK-focused
Posted in Telecoms, 5th June 2006 14:16 GMT
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. ®
Managing desktop software for fun and profit
Analyst Keynote: The Register Agile Data Center Summit
Checklist: signs you need to upgrade your business phone system
Enabling The Agile Data Center
Enterprise PBX buyer's guide
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter