7th Sep 2006 07:03
Pipex Communications PLC07 September 2006 7 September 2006 Pipex Communications plc Acquisition of Bulldog's broadband customer base Pipex Communications plc (PXC), ("Pipex") a major provider of integratedtelecommunications and internet solutions including broadband, voice, domainname registrations and hosting, announces the acquisition from Cable & Wirelessof Bulldog's residential and small business broadband customer base, website(www.bulldogbroadband.com), rights to the Bulldog brand and domain names, for aconsideration of £12m in cash. Separately, Pipex has signed up to use Cable & Wireless' unbundled local loop(LLU) access network, which will cover 800 exchanges. Pipex's policy is to usea hybrid network which is a mixture of its own Local Loop Unbundling footprintand wholesale. Cable & Wireless fits extremely well into this mix. This acquisition brings the total broadband and voice customer base to 1,140,000of which those taking broadband now exceeds 500,000. 90% of Bulldog's 110,000customers subscribe to a Broadband, voice and wholesale line rental package,which delivers an ARPU of £34 per month. Peter Dubens, Chairman of the Pipex Communications plc, said, "The acquisition of Bulldog brings further scale to the Pipex Group and we aredelighted to welcome all the Bulldog customers. Cable & Wireless is a goodaddition to our supplier mix and going forward this relationship will addbreadth to the choice of services that we are able to offer to all of ourcustomers." - ends - Pipex Communications plc 020 7766 6909Peter Dubens, Chairman Financial Dynamics 020 7831 3113Juliet Clarke / Edward Bridges / Hannah Sloane This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CWC.L