CentralPoint Sells ADSL Customers
Posted: 24th May, 2005 By: MarkJ
CentralPoint's (CP) website carries word that rival ISP Fast24 has acquired their broadband ADSL business. Once again "market pressures" from larger providers has been cited as the key reason for the sale:
Darren Ilston of Central Point believes that the move is a positive development. "I'm proud of the service that we have provided our customers," he said. "However market pressures, particularly those from BT mean that smaller ISPs are likely to be in for a rough ride in the coming years. The time is right for our customers to join a larger ISP who shares our high standards of customer service and good value."
"I'm delighted to welcome Central Point's customers to our service," added Jason Elsom of Fast24. "I know that they have exacting standards, which I'm confident that we can supply and we look forward to making the transition smooth and as seamless as possible for them."
He added, "With an increasingly competitive market we have decided to look at a number of similar acquisitions to help us keep apace. We have almost completed a product review, which should show an overall reduction in our current pricing levels, and introduction of additional services".
Few details are given in the press release, so it's unclear how existing services will be affected (e-mail etc.).
Darren Ilston of Central Point believes that the move is a positive development. "I'm proud of the service that we have provided our customers," he said. "However market pressures, particularly those from BT mean that smaller ISPs are likely to be in for a rough ride in the coming years. The time is right for our customers to join a larger ISP who shares our high standards of customer service and good value."
"I'm delighted to welcome Central Point's customers to our service," added Jason Elsom of Fast24. "I know that they have exacting standards, which I'm confident that we can supply and we look forward to making the transition smooth and as seamless as possible for them."
He added, "With an increasingly competitive market we have decided to look at a number of similar acquisitions to help us keep apace. We have almost completed a product review, which should show an overall reduction in our current pricing levels, and introduction of additional services".
Few details are given in the press release, so it's unclear how existing services will be affected (e-mail etc.).
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