Tipped by the independent 2/01/2004

........."And so to our traditional "wild card". Pipex Communications, formerly known as GX Networks, is a telecoms company created by one of the entrepreneurs behind Ukbetting, Peter Dubens. It has been assembled from six smaller players. The ambitious company is generating cash for the first time but is still not widely followed in the City. It could be an undiscovered gem".

UBS AG (EMM)
12 April 2005

FORM SAR 3

Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. A copy
must also be sent to the company the shares of which are acquired.

Date of disclosure...12th April 2005

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF
SHARES ('SARs')



Date of acquisition ...08 April 2005..........................................

Acquisition in .........Pipex Communications Plc Ord 1P........................
......


(1) Class of voting shares Number of shares/rights over shares If rights over shares acquired,
acquired as opposed to the shares
(eg ordinary shares) themselves, specify nature of
rights



.............. ................
...
5,000,000..... shares
.........Ordinary ..........


............... ..rights








(2) Resultant total holding of Resultant total holding of rights Total percentage
voting shares (and % of total voting over shares (and % of total voting
shares in issue) shares in issue)



391,950,180 ( 18.09 %) ....... 391,950,180 ( 18.09 %)

18.09%





(3) Party making disclosure ......UBS AG LONDON BRANCH........................
..................



(4) (a) Name of person acquiring shares or rights over shares ......UBS AG
LONDON BRANCH............................

and, if different, beneficial owner ...........................
....................................................



(b) Names of any other persons acting by

agreement or understanding ............... ....................
...................................................



Signed, for and on behalf of the party named in (3) above .....................
........................................



(Also print name of signatory) ...Philip Ingram Neville Hall...............
.............



Telephone and extension number Angela Huff 0207 568 4981.....................
..............................

______________________________________

Note 1. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

Note 2. The resultant total percentage holding of voting shares and rights
over shares is to be calculated by reference to the percentage held and in issue
outside treasury.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section, Tel. No: 020 7638 0129.
E-mail:
monitoring@disclosure.org.uk




This information is provided by RNS
The company news service from the London Stock Exchange

18% of the company. Somebody likes PXC

somebody is looking to take it over...

Pipex Communications PLC
12 April 2005

PIPEX Communications plc
Grant of Options


PIPEX Communications plc (LSE: PXC.L), the telecoms network operator and
provider of business broadband solutions, announces that on 11th April 2005 the
executive directors were each granted options over the Ordinary Shares of 1p
each.


The options will be exercisable if the market value of an ordinary share in the
Company is 12p or higher at the date of exercise, or in the event that change of
control provisions apply. The number of options granted at the option price of
7.5p per share and the total number of options held by each director following
the award is shown below:


Executive Director Options granted Total options
on 11th April 2005 held on 11th
April 2005

Peter Dubens 3,333,333 13,333,333
Mike Read 2,933,333 14,183,333
Stewart Porter 2,333,333 36,016,046



-ends-


For further information contact:



PIPEX Communications plc
Stewart Porter Tel: 020 8957 1180
Finance Director

Financial Dynamics
Edward Bridges / Juliet Clarke Tel: 020 7831 3113






This information is provided by RNS
The company news service from the London Stock Exchange

Is that the last of the sells?

http://news.bbc.co.uk/1/hi/technology/4436327.stm

This has got to be a worry. I use Pipex and it costs me 24.44 for a 512Mb connection where as this one is 9.99. I will be switching when my deal runs out.

Do you get any additional services with that 9.99, web space, hosting, etc?

Pipex have never been the cheapest, but they have good service and do things right first time (in my experience, unlike some of the others).

Price isn't everything. 2 customers at 25 is still more than 4 at 9.99!!!

skids

No worry Captain. Hope you live in the right area for your switch. And in any case, PXC can deal with it - by acquisition if necessary!


Pipex does much more than broadband for home users (although it does that very well).

20% of customers come from the business sector, 154,000 from hosting, and 2,000 corporate customers using the network services.

Nildram acquired – 35000 broadband users added, 30% business users

Host Europe Acquired – 3rd largest hosting provider in Europe and the largest provider to the UK SME market.


Diverse Business Model PIPEX is not a single product company and
has grown into an integrated telecoms business. The Company has recognised that broadband is merely an enabler and that the business will be sustained through the delivery of value-added services. It is split into three segments:
ISP – The Group owns and manages a network that has 100 Points of Presence (PoPs) in the UK and is able to provide Virtual Private Networking (VPN) and Internet Connectivity. PIPEX aims to minimise downtime and maximise performance on its network, with a focus on scalability, resilience and reliability. It occupies three locations in London Docklandsfrom which it is connected to other ISPs via the London Internet Exchange (LINK) or other Internet transit providers overseas.

Hosting – PIPEX offers a number of internet hosting solutions ranging from up to 5 Gigabytes of disk space on shared server, to up to 360 Gigabytes of space on a server dedicated for customer use. Colocation and disaster recovery is also available for customers who wish to source their own server for PIPEX to connect to the internet, from one of its Data Centres.

Managed Services – PIPEX aims to use manage services to tie customers to its
business and protect its revenues into the future. This arm provides services such as firewall, anti-virus and anti-spam protection, web traffic monitoring, and encryption services to allow customers to share sensitive
data over a network.

WiMax Opportunity PIPEX is also a well positioned player in the
emerging WiMAX market. WiMAX is the name given to the IEEE 802.16 wireless
communications standard. It supports very high bit rates for uploading and downloading from a base station up to a distance of 30 miles and can be used for standard Internet connectivity as well as VoIP (Voice over IP)
and data and video.

Following the acquisition of Firstnet, PIPEX owns a permanent right to use
spectrum ranges 3.6GHz to 4.2GHz and 28GHz, and is examining its options for
exploiting these. Broker CSFB reports that PIPEX is in negotiation with potential partners to build a UK WiMAX network, and sees itself in a strong position, with Intel planning to develop the technology in Europe at the 3.6Ghz spectrum band.

And of course Pipex is likely eventually to become a desirable target for very large players.

IC, The Times, The Independent all rate as a buy. Long term hold of course.

most of the trades are at middle prices so dont take the sell indicators as sells.

I should add that i agree with what you say Skids, price isnt everything. The pipex service for me has been excellent. But i will probably switch for 9.99. Too cheap to miss.

One broker still left with more to sell by the looks of it.Will it be the late afternoon action again? LOL

8% spread !!! that will hold things back

Short term target has got to be that 12p option price. Perhaps UBS want even more shares....

12p would be very nice Skids

It will take a re-rating though IMO.

Trade in the SP has stopped dead in its tracks now. I think you are right skids, a re-rating the only chance.LOL

1,000,000 Buy /sell 8p at close

What's going on ? If pxc is so hot now that everyone's tipping this as a buy, why is it going down ? why is it not taking off ? if I sell it's bound to take off.
pissed off with pxc...

my guess is they need stock for some big buy orders.

i'm sitting tight.

hi skids, something I don't understand is, this company has issued a lot of share throughout last year, doesn't it feed enough to the big buyer? moreover, even huge buy/small sell doesn't help to move the market any bit. Holding PXC for almost 2 years, getting me bored. Welcome any opinion. Many thanks.