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Pipex has indulged in a little zoological shopping spree, snapping up Toucan and Bulldog for £24m and £12m respectively. The company says the acquisitions take its customer base to 1.14m, and its number of broadband subscribers to 570,000.

More importantly, they also mean the company has a so-called triple play offering, the combination of mobile, voice and broadband services widely seen as key to success in a rapidly shifting and much tougher market.

Pipex is to pay IDT Telecom £4m in stock and £20m in cash for the Toucan business. Pipex gains 185,000 customers each with an average revenue of £23 per month.

Meanwhile, a wholly cash payment of £12m to Cable and Wireless brings Pipex the whole of Bulldog's residential and small business broadband customer base (approximately 100,000 people, with an average revenue of £34 per month) and rights to the Bulldog brand and domain names.

In related news, Pipex has also signed a deal with C&W to use the company's LLU (local loop unbundling) access to 800 exchanges. The company says this fits with its policy of using a mixture of its own unbundling and wholesale.

The terms of this agreement were not disclosed. ®

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