Nice rises Friday and today,after being tipped up by Money Week magazine ,with first half sales up 86%,and a cheaper Broadband bundle than Car Phone warehouse,a forward p/e of 15.4 and a likely takeover target seems the one to be on in a guarateed consolidating sector.

Apologies to everyone as I started the ball rolling again. Time to move on.

Rumours going about re. Dubens MBO

falcthou what rumours and were.........

advfn
bb tiscali
web hosting dubens
wimax bt

that story is many weeks old - i.e. that once the broadband part of PXC had been sold off, Dubens would be looking to take the balance himself ....... i think i posted as much myself on here

thx guys............ yes cynic your right

Apparently it's in the FT today

falcthou can you post this news so we can see

Pipex, the broadband internet group, improved 3.9 per cent to 13p, amid talk of a management buy-out approach for its web hosting business. In March, Pipex appointed investment bank UBS to carry out a strategic review.

Seems to be large volume again today ,9th best traded share yesterday,announcment due? your views please jim

considering forthcoming sale.sp is very disapointing.todays trades mostly look like sells at 13p.not the best sign.

Yes, considering everything it's crap isn't it ?

PXC has a nasty habit of raising expectations only for all to be met by deafening silence ...... i shall just allow my holding to gather more moths and dust, though i genuinely find it hard to beleive that Dubens will allow everything to go to sleep ..... after all, if my reading is correct, he would like to acquire the rump himself

dont like the idea of selling broadband to tiscali and dubens holding on to the rest in a management buy out.as has been suggested.we the shareholders will get rogered.i suspect this is a possible cause of the low interest at the moment.september should bring news and renewed interest in wi-max.if dubens and crew havent nicked the company by then.

you might not like the picture i painted, but i bet that's the reality.
neither tiscali nor the previous contenders seemed to have any interest or appetite for more than the broadband (and web hosting?)
frankly, if i make a profit, i'm not fussed who buys what

held for over 3 years myself.still believe the sp could reach 20p+.there was ample opertunity to get out at 17.5p but the big money held onto their shares.the times wrote some time ago about dubens dumping the residential aspects of the company and cocentrating on business telecoms.wi-max will find ready customers when it is launched.i suspect councils up and down the country will be keen to promote the technolagy the only concern is if we will have had our shares cheaply removed from us by the .

Pipex Communications Plc. (PXC LN): Tiscali SpA is close to an agreement to acquire Pipex's broadband and voice services unit for 210 million pounds ($426 million), the Financial Times reported, without citing anyone. The purchase may be announced as early as today, the newspaper said. Pipex shares added 0.25 pence, or 1.9 percent, to 13.25.

Don't you jusy hate those "total voting rights" announcements!

210 million for Pipex's broadband and voice services unit that would give .10p per share i think.. if Peter Dubens, had hoped to sell off its entire business for a price on the whole group of about 400 million. which would have been say 17p per share
how much is he looking to pay for wi-max........ .

13 July 2007

13 July 2007


PIPEX COMMUNICATONS PLC

Sale of Broadband and Voice Division


Pipex Communications plc, a major provider of telecommunications and internet
solutions including broadband, voice, web hosting and network services, today
announces that it has entered into an agreement for the sale of its subsidiaries
owning its consumer Broadband and Voice division to Tiscali S.p.A. (Borsa
Italiana, Milan: TIS) for a total consideration of approximately 210 million,
on a debt-free basis, before adjustments. The corporate broadband customers
will remain within the Pipex Group.


The subsidiaries being sold to Tiscali are: Switch2 Telecoms Limited, Pipex
Homecall Limited, Toucan Residential Limited, Pipex Internet Limited and Toucan
Residential Ireland Limited.


Pipex's Broadband and Voice division is a leading provider of telecommunications
and Internet services in the UK market, reporting revenues of 231.7 million and
profit before tax of 13.9 million, excluding amortisation of goodwill and
inter-company interest, in the year ended 31 December 2006. As at 31 December
2006, net tangible assets stood at 13.1 million, excluding goodwill,
investments and inter-company balances. At that time, the division had
approximately 570,000 Broadband customers and 480,000 Voice customers.



The transaction, which constitutes a fundamental change of business for the
purpose of the AIM rules, is conditional, inter alia, on shareholder approval
and also competition clearance being received.



A circular convening an Extraordinary General Meeting will be posted to
shareholders shortly.



The proceeds of the disposal will be placed on fiduciary deposit pending the
directors' consideration of its further application.



Pipex was advised on the transaction by UBS Limited and Oakley Capital.



The continuing group

Following the disposal of the Broadband and Voice division, the Group will
consist of 3 divisions namely Web Hosting, Business Services and Pipex Wireless
(WiMAX).



Hosting

The growth in Pipex's hosting operations has been impressive, with a year on
year growth in active services exceeding 24%. In the ground breaking area of
virtualised hosting solutions and virtual private servers, Pipex Hosting
achieved in excess of 90% customer growth, and is now one of the two largest
hosting providers by subscriptions in Europe (based upon SW-Soft statistics).
Pipex's domain name market share has also increased by 25% over the last year,
to 2 million domains. More than one in every five domains in the UK is
registered through Pipex hosting.



Pipex's new data centre in Germany which utilises the latest technological
advances to ensure energy efficiency is now fully operational, and was a
contributing factor in Pipex winning the prestigious "Best Enterprise Internet
Hosting Provider in Germany" from the eco Internet Awards 2007.



Business Services

Pipex Business Services, the SME and Corporate unit, has seen good growth in the
high end hosting, leased line and IPVPN sectors. New contracts have been
secured from large organisations including T-Mobile, Servista, Cost Cutter, Red
Bull Racing, Rosebys, British Museum and British Library. There has also been an
increase in additional services being taken by long standing corporate customers
such as Littlewoods Gaming (Sportech plc) and Alliance & Leicester.



New product launches include Boundary Networks, a secure private network that
enables organisations to extend the security capabilities of their internal
network across the Internet to the remote user CPE device. This enhances
business continuity for retailers with an innovative approach to remote branch/
store and mobile office security.



Pipex Wireless (WiMAX)

Following the successful launch of WiMAX services using licensed spectrum in
trials in Milton Keynes, Warwick and Leamington Spa, Pipex has generated
considerable interest from other councils who are considering offering WiMAX
services.



In addition to partners Intel, National Grid Wireless and Ericsson, the division
has announced a strategic partnership with Nokia Siemens Networks which covers
network infrastructure, services and software. Together, Pipex Wireless and
Intel will launch wireless services across the UK.



Pipex Wireless is now focusing on the commercial launch of the business which
will take place in Manchester later this year. During 2008 commercial WiMAX
services will be made available in a number of additional cities as the network
expands in the West Midlands and the North West. During this period Pipex
Wireless will also trial and launch a number of value-added products and expand
the routes to market and channel partners in order to deepen market penetration.



The regulatory environment within Europe for the spectrum has improved
significantly in recent months, and the division will continue to work with both
the regulator and the industry to optimise its position.



Peter Dubens, Executive Chairman of Pipex, commented:



"Over the past 3 years, Pipex has successfully transformed the scale and quality
of its Broadband and Voice customer base. In the consolidating UK market,
today's announcement crystallises value for shareholders, and ensures that
Pipex's customers will continue to receive a wide range of competitive, high
quality communications and internet services.



"The strategic review announced in March remains in progress regarding the
Group's other businesses, which continue to show strong growth in all areas.
The Group is also reviewing options for the efficient distribution to
shareholders of the proceeds from the sale of the Broadband and Voice division.
Further updates will be provided in due course."