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Brief Update - Pipex's Sale To Tiscali

Brief Update - Pipex's Sale To Tiscali

We've been busy trying to find out what's going to happen once Tiscali formally acquires Pipex's customers, including subsidiaries Bulldog and Nildram etc. Naturally nobody is willing to talk until after the deal has been approved, but we did manage to get one small statement out of Pipex:

Statement: On 13 July Tiscali made an offer to Pipex Communications PLC for its broadband and voice business, which includes Pipex Internet, Toucan, Nildram, freedom2surf and the customer base of Bulldog.

The offer will be reviewed by shareholders at the Extraordinary General Meeting (EGM) which will take place in the next few weeks.

Throughout the acquisition process, it is business as usual for Pipex and we can reassure customers that there will be no interruption in service.

Nothing new, although we doubt the deal will be rejected.


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