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Pipex Sale Draws Near - Suitors Named

Posted: 16th Jan, 2008 By: MarkJ
UPDATE: It's also being reported that Pipex is mooting an offer to outsource responsibility for management of the remaining Pipex Access network to Cable & Wireless.

The Financial Times reports that Pipex's remaining web-hosting and business telecom divisions could finally be about to pick a buyer. The providers Internet access division was sold on to Tiscali UK last year and since then the group has been seeking buyers for its remaining assets.

The private equity group set up by Pipex founder Peter Dubens, Oakley Capital, and Thus Group, a the telecoms company, are believed to be the two front runners.
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