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".

Update today after some big buying - big boys filling boots

Holding(s) in Company

UBS AG London Branch 372,229,600
UBS Global Asset Management (Life) Limited 43,015,599
UBS Wealth Management (UK) Limited 1,139,000*
UBS AG (Switzerland) 28,873,860*
Name Man'ment Co. Nom/Registered Name
JP Morgan, Bournemouth FPM 19,531,433
Northern Trust London FPM 11,250,400
Mellon Bank FPM 5,631,000
Bank of New York Brussels FPM 4,807,300
State STR BK & TR Co Ldn FPM 3,959,300
Bankers Trust London FPM 3,162,000
Midland Securities Services FPM 1,479,800
Clydesdale Bank plc FPM 454,400
JP Morgan Chase Bank FMRCO 21,960,800
Brown Brothers Harriman & Co FMRCO 100
JP Morgan, Bournemouth FISL 16,180,400
Brown Bros Harriman Ltd Lux FIL 208,021,785
Bank of New York Brussels FIL 1,605,000
Morgan Stanley London FIL 1,010,126
Northern Trust London FIL 892,800
Troys - Boots fullUBS AG London Branch 372,229,600
UBS Global Asset Management (Life) Limited 43,015,599
UBS Wealth Management (UK) Limited 1,139,000*
UBS AG (Switzerland) 28,873,860*
Name Man'ment Co. Nom/Registered Name
JP Morgan, Bournemouth FPM 19,531,433
Northern Trust London FPM 11,250,400
Mellon Bank FPM 5,631,000
Bank of New York Brussels FPM 4,807,300
State STR BK & TR Co Ldn FPM 3,959,300
Bankers Trust London FPM 3,162,000
Midland Securities Services FPM 1,479,800
Clydesdale Bank plc FPM 454,400
JP Morgan Chase Bank FMRCO 21,960,800
Brown Brothers Harriman & Co FMRCO 100
JP Morgan, Bournemouth FISL 16,180,400
Brown Bros Harriman Ltd Lux FIL 208,021,785
Bank of New York Brussels FIL 1,605,000
Morgan Stanley London FIL 1,010,126
Northern Trust London FIL 892,800

February 10, 2006

BT, Pipex rivals, not potential bedfellows
Still waiting for the man
Rosemary Haworth

BT yesterday announced its latest quarterly financial results. What it didn't do, it seems, was make a bid for the next leap forward in national broadband coverage by attempting to take over internet service provider Pipex.

Pipex, one of the UK's top five ISPs in terms of customer numbers, has one of the country's only two licences to provide WiMax - commonly described as 'wireless broadband' or 'wireless on steroids'. It has been conducting trials into the provision of WiMax in Stratford-on-Avon since last summer and has favourable reports about its ability to carry both data and VoIP (voice over internet protocol) telephony.

The ISP is now investigating how well the technology, which operates in the 3.6GHz frequency spectrum, will be able to serve up remote access applications such as the ability to call up and play back video and TV content using WiMax's synchronous broadband.

Pipex's Mike Read says its trials will be complete within the next few weeks and will shortly begin looking in to providing WiMax to metropolitan areas such as London and Birmingham. This, he says, will be done in preference to rural areas simply "to get the numbers up".

The company has received a lot of interest from organisations including small towns and conurbations keen to use WiMax for applications such as CCTV to monitor bus lanes. It will also begin the process of enabling broadband in rural areas and locations that are simply too far from an ADSL-enabled BT exchange to receive broadband.

WiMax's major attraction, says Read, is that "you can stick up an aerial anywhere" and get broadband coverage. The caveat, he says, is that it's not ideal for use indoors as it is not able to operate through several walls.

Another plus is that, unlike ADSL (asynchronous digital subscriber line) - the type of broadband offered via suitably-enabled BT telephone exchanges - WiMax offers the same connection speeds in both directions. So, rather than being able to download or stream music, video and TV at several megabits a second, but upload or broadcast at only a fraction of that rate - usually 256MBps (megabytes per second) or 512MBps - WiMax means businesses- and home-users will be able to send and receive data at exactly the same pace.

With Pipex's trials apparently successful and Pipex the holder of the largest capacity WiMax block - "about four times that of only rival PCCW", according to Read - it's clear why BT may have wanted to hop aboard the wireless broadband bus.

Some elements in the media have floated the idea of BT now biding its time until licences for WiMax came up for review. But, according to Read, Pipex's licence has no end date and the only aspect of its licence he's in discussion with regulator Ofcom about is the amount he has to pay for it.

BT is already conducting wireless broadband trials of its own in conjunction with mobile operator Vodafone but this operates in the unratified 5.8GHz spectrum.

Another small piece of good news for the pot:

PIPEX has signed a major reseller partnership with Cegedim Rx, the UK's leading
provider of pharmacy management systems, to roll out ADSL broadband in community
pharmacies as part of the NHS' New National Network, known as N3.

PIPEX has been selected as Cegedim's primary partner of choice for N3
connectivity for its customers, firmly establishing PIPEX as the leading N3
aggregator in the UK. With almost 50 per cent market share for patient medical
records (PMR) solutions, Cegedim is ideally placed to drive the installation of
Electronic Prescription Services (EPS), which are transported over a secure
broadband connection to Cegedim's customer base of over 5000 active users.

'PIPEX already provides secure managed networks for many of the UK's leading
blue chip companies and public sector organisations - working with Cegedim takes
us to the next level in the provision of broadband as part of the NHS' national
IT programme,' says Mike Read, CEO, PIPEX. 'Through this new partnership, PIPEX
is now placed as the leading service provider in the N3 aggregation
marketplace.'

'We're delighted to be working with PIPEX as part of the N3 project,' adds Simon
Driver, Managing Director of Cegedim Rx. 'Many pharmacies that we speak to have
been looking forward to the benefits of EPS, and by working with PIPEX, we're
positioned to be able to provide a total solution for electronic prescriptions.
With government plans for pharmacists to become the first point of contact for
minor illness diagnosis and repeat prescriptions, it is vital that pharmacies
have the compliant technology in place to enable them to deliver an effective
service.'

N3 accreditation provides significant benefits to PIPEX resellers and systems
providers, giving them the opportunity to tap into PIPEX's proven expertise in
bulk ordering and installation. The partnership with Cegedim follows the launch
of PIPEX's reseller programme Gokei - a major new channel programme to provide
referrers, resellers, systems integrators and strategic partners with
opportunities to increase their revenues by using PIPEX technologies.

The aim of N3 is to provide a fast, reliable network on which to run the new IT
systems being delivered by the National Programme for IT. This will make the NHS
the first major user of significant broadband capacity in the public sector. The
network will also provide the technology to benefit patients by significantly
speeding up the transfer of key clinical data between NHS organisations.

Milton Keynes Council looking at five year partnership with Pipex


It would Pipex and Milton Keynes Council are on the verge of partnership that will initially last five years. The Council in Milton Keynes is looking for a way that a local authority controlled or influenced company can drive both its own telecommunications costs down and trade in broadband services for residents and businesses in the area. The full report can be be found at Milton Keynes Council website, with the Telecommunications Partnership document located here.

The report highlights the history of broadband/telecommunications and its various ups and downs in Milton Keynes. A shortened version is that the existing cable network needs upgrading to match the digital cable networks in the UK. The existing BT local loop is a mixture of lower quality copper and aluminium wire, and is also blessed with TPON, combine this with longer than average distances to exchanges and DSL technologies are suffering in the area.

The people of Milton Keynes and the Council have being proactive in campaigning for more action, and groups like BB4MK have being at the forefront of this battle, keeping residents informed on progress with projects. The council also ran a wireless broadband pilot scheme in conjunction with NTL. The feedback from these schemes and over sources, has lead the Council to recognise a substantial demand for broadband services in the area, and particularly a desire for speeds of 2Mbps or faster.

At present the deal with Pipex is not signed and sealed, but it seems Pipex are considered the best overall tender. Some of the attractive prospects are that Pipex hold wireless licenses for the 3.4GHz to 3.6GHz spectrum, the Pipex tender also gives an undertaking to invest in the network infrastructure including unbundling the local loop and with plans to offer speeds of 8Mbps and 24Mbps.

This news is great for residents of Milton Keynes, hopefully 2006 will see them start to reap the rewards, both through better connections for their homes and businesses but cost savings for the council. With the dual options of unbundling and wireless broadband there is scope for people to see significant speed jumps..


http://www.adslguide.org.uk/newsarchive.asp?item=2550

1017 GMT [Dow Jones]--Cable & Wireless (CW.LN) UK update is tougher on cost than Investec expected with staff set to halve over next four to five years. Its target of GBP400M EBITDA by the same period is GBP100M is ahead of consensus though forecasts are unlikely to move at this stage. Cost cutting is to be welcomed but brokerage is disappointed by the recommitment to LLU and Bulldog in which losses remain considerable. Sees customer refocusing as beneficial for Pipex (PXC.LN) and BT (BT). Rates shares reduce. (NPF)

Notice of Results

RNS Number:3605Z
Pipex Communications PLC
06 March 2006


PIPEX Communications plc

Results Date Notification


PIPEX Communications plc (LSE: PXC), the broadband, hosting and telecoms network
operator, will announce preliminary results for the year ended 31 December 2005
on Monday 3 April 2006.



Enquiries:

Financial Dynamics 020 7831 3113
Juliet Clarke / Edward Bridges / Hannah Sloane



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

thats a little help today

looking good !

Smashed through 14p. What's going on?!!

trading as much as barclays today is there anything round the corner for this company

Wow ! ... what next ?

Hope you are still holding skyhigh

Yep, you bet... still holding !

Nice one. LOL

Is there an offer coming at last that someone, somewhere is aware of?

Wow look at those last few buys - massive - whats the news?

Been following this company for ages and decided to buy in on Monday, just a modest holding at 13.80p, Fantastic rise since then, they have excellent position in competitive market, and in my eyes look ripe for takeout, although I think there may be a bit of that in the current price.

Perhaps someone has seen a preview of the results.

Read a notice on Topic this afternoon, that one of the major players had increased their holding to 18%+. Was in a hurry so couldn't quite digest it all, but I would view this as a good sign, if the major players are adding - could be the reason for yesterday's rise.

Not surprised to see the price come off today after yesterday's performance and am actually quite pleased that it was only 1p.