Tiscali close to buying a Pipex customers
Pipex is closing a £210m deal to sell its broadband customers to Tiscalli, according to press reports.
Timesonline reports that the group has agreed to sell Pipex’s business and residential customers to Tiscalli. Pipex has around 1 million of customers so this deal will strengthem Tiscalli position in the UK.
Tiscalli has tried to bought off the entire Pipex customer base as Pipex also owns Toucan and Freedom2surf which provide hosting service as well. In addition to that, Pipex is also strong in Wi-Max market as it has a partnership with Intel. Pipex has previously announced possible buy off from other companies like BT, Sky or Virgin media. However, the potentional buyers have turned down the deals as broadband specialist are speculating the cost of integration of customers is quite high.