Pipex Communications plc, a major provider of telecommunications and
internet solutions including broadband, voice, web hosting and network
services, today announces that it has entered into an agreement for the sale
of its subsidiaries owning its consumer Broadband and Voice division to
Tiscali S.p.A. (Borsa Italiana, Milan: TIS) for a total consideration of
approximately £210 million, on a debt-free basis, before adjustments. The
corporate broadband customers will remain within the Pipex Group.
The subsidiaries being sold to Tiscali are: Switch2 Telecoms Limited, Pipex
Homecall Limited, Toucan Residential Limited, Pipex Internet Limited and
Toucan Residential Ireland Limited.
More at
http://www.investegate.co.uk/Article...7131344102306A
Regards
Sunil