Feeds

Pipex sale 'on the brink of collapse'

Jilted at the altar

The smart choice: opportunity from uncertainty

Reports over the Easter break said the sale of ISP Pipex was near collapse, with only Carphone Warehouse still interested.

Earlier noises from the bidding process, which was being run by bankers UBS, suggested a four-way tussle between Carphone Warehouse, BT, Virgin Media, and Sky could have fetch a strong price for the struggling outfit.

The Mail on Sunday reported this weekend, however, that Carphone Warehouse had felt able to table a "low ball" offer for Pipex, which has seen like-for-like subscriber numbers tumble. Carphone Warehouse CEO Charles Dunstone has sat on the Mail's board of directors since 2001.

Pipex chairman Peter Dubens is reportedly keen to sell, but a single bidder might mean he'll hold out this time. The news will do little to pacify Pipex's subscribers, who have endured weeks of uncertainty over a potential deal. Similar customer base sell offs, including to Orange and Carphone Warehouse itself, have caused chaos for users.

Dunstone issued a profits warning last week, so only a bargain buy would be acceptable to his investors. Swallowing Pipex would take its list to more than 2.8 million and put the company in the broadband premier league with BT and Virgin Media.

None of the players in the Pipex sell-off have yet put their name to any public comment. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.