Pipexs buy Caudwell's fixed line business

PIPEX Communications plc, the broadband, hosting and telecoms network
operator, has announced the acquisition of Caudwell Communications Limited,
trading as Homecall, for an undisclosed sum, including the assumption of
bank debt of approximately £43 million, which has now been repaid by PIPEX.

Homecall is one of the UK's leading providers of voice, line rental, and
broadband services. Homecall currently has over 500,000 customers of which
in excess of 350,000 take more than one service.

The last set of (Homecall) audited results for the year ended 31 December
2004, showed turnover of £91.4 million and a loss before tax of £34.7
million. The losses were principally incurred by a significant and
successful customer acquisition programme. Homecall is now trading
profitably at the profit before tax level.

Chairman of PIPEX, Peter Dubens, commented:

'This acquisition brings with it four very important elements: additional
scale, high street and call centre sales channels, accelerated returns on
our LLU strategy and significant cross-selling opportunities.'

More details at
http://www.investegate.co.uk/Article...3230701262559A

Regards
Sunil

"Sunil Sood" <(E-Mail Removed)> wrote in message
news:(E-Mail Removed)...
> PIPEX Communications plc, the broadband, hosting and telecoms network
> operator, has announced the acquisition of Caudwell Communications
> Limited,
> trading as Homecall, for an undisclosed sum, including the assumption of
> bank debt of approximately £43 million, which has now been repaid by
> PIPEX.
>
> Homecall is one of the UK's leading providers of voice, line rental, and
> broadband services. Homecall currently has over 500,000 customers of
> which in excess of 350,000 take more than one service.
>
> The last set of (Homecall) audited results for the year ended 31 December
> 2004, showed turnover of £91.4 million and a loss before tax of £34.7
> million. The losses were principally incurred by a significant and
> successful customer acquisition programme. Homecall is now trading
> profitably at the profit before tax level.
>
> Chairman of PIPEX, Peter Dubens, commented:
>
> 'This acquisition brings with it four very important elements: additional
> scale, high street and call centre sales channels, accelerated returns on
> our LLU strategy and significant cross-selling opportunities.'
>
> More details at
> http://www.investegate.co.uk/Article...3230701262559A
>
> Regards
> Sunil
>

I'd rather they fixed there network rather than buying more companies. My
download speed has been rubbish for the past week and I'm only on 0.5Mb. If
they can't handle 0.5Mb connections then something must be wrong.

>
>

In message <e00aav$trr$(E-Mail Removed)>, WCZ
<(E-Mail Removed)> writes
>"Sunil Sood" <(E-Mail Removed)> wrote in message
>news:(E-Mail Removed)...

>> PIPEX Communications plc, the broadband, hosting and telecoms network
>> operator, has announced the acquisition of Caudwell Communications
>> Limited,
>
>I'd rather they fixed there network rather than buying more companies. My
>download speed has been rubbish for the past week and I'm only on 0.5Mb. If
>they can't handle 0.5Mb connections then something must be wrong.
>
Do you have UkOnline/Easynet/Sky LLU available to you? On the few
occasions I need to I reliably get 8Mb downloads. (Their CS is sh!t tho'
- replies to 1/5 emails sent.)

--
dave @ stejonda