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. ®

Related stories

• KPN trades fixed line for IP telephony (6 February 2007)
• Thus turns a profit (20 November 2006)
• Demon Internet on the market again (26 October 2006)
• Demon hosting back online (3 October 2006)
• Thus pips BT to £70m Scottish broadband project (30 June 2006)
• UK telcos challenge 'next generation networks' trademark (26 June 2006)
• Broadband numbers grow at Demon (19 June 2006)
• Demon does VoIP (5 May 2006)
• Demon chases overdue accounts (4 April 2006)
• Demon 'forgets' to bill customer for four years (31 March 2006)
• Thus integration going to plan (30 March 2006)
• Thus acquisition of Your Comms gets green light (24 February 2006)