Virgin Media Eyes Pipex Acquisition
Posted: 21st Mar, 2007 By: MarkJ
Though a sale is only one of the options open to Pipex, that hasn't stopped Virgin Media pitting itself as a front runner for the £335m broadband ISP:
The Daily Telegraph newspaper notes that Virgin Media is looking to expand its coverage. Typically buying an existing ADSL provider may be a cheaper way of doing that than rolling out new cable. Presently Virgin is still mulling over the idea and all sides have refused to comment.
Pipex's adviser, UBS, is believed to have asked for first-round bids by Friday for the business.
It hired the investment bank to consider its strategic options after receiving several expressions of interest, one of which is understood to have come from Virgin Media, the former NTL/Telewest. The other significant approach is thought to be from BT Group.
It hired the investment bank to consider its strategic options after receiving several expressions of interest, one of which is understood to have come from Virgin Media, the former NTL/Telewest. The other significant approach is thought to be from BT Group.
The Daily Telegraph newspaper notes that Virgin Media is looking to expand its coverage. Typically buying an existing ADSL provider may be a cheaper way of doing that than rolling out new cable. Presently Virgin is still mulling over the idea and all sides have refused to comment.
Latest UK ISP News
Cheap BIG ISPs for 100Mbps+
Community Fibre £21.00
Virgin Media £26.00
Shell Energy £26.99
Plusnet £27.99
Zen Internet £28.00 - 35.00
150,000+ Customers | View More ISPs
Cheapest ISPs for 100Mbps+
Modest Availability | View More ISPs
Latest UK ISP News
Cheap BIG ISPs for 100Mbps+
Community Fibre £21.00
Virgin Media £26.00
Shell Energy £26.99
Plusnet £27.99
Zen Internet £28.00 - 35.00
Large Availability | View All
Cheapest ISPs for 100Mbps+
Large Availability | View All
Helpful ISP Guides and Tips
Sponsored Links
The Top 15 Category Tags
- FTTP (5515)
- BT (3514)
- Politics (2537)
- Openreach (2297)
- Business (2262)
- Building Digital UK (2244)
- FTTC (2043)
- Mobile Broadband (1973)
- Statistics (1788)
- 4G (1664)
- Virgin Media (1619)
- Ofcom Regulation (1461)
- Fibre Optic (1395)
- Wireless Internet (1389)
- FTTH (1381)
Sponsored
Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules