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   Pipex set to disolve
Pipex has released an Investor update relating to the state of its business and its ongoing changes.

It confirms that its 570,000 broadband/voice customers have been sold to Tiscali for £210 million. Leaving its WIMAX and hosting divisions. although, it has announced that WIMAX "no longer provides a compelling strategic fit".

This has led to further speculation of the breakup of what remains of the group. With the WIMAX licence expected to be sold shortly followed by the hosting/domains businesses later in the year.

The hosting division had revenues of £35.8 and make a profit of £17.3million in the year ending 3th June. Which isnt a bad business to be taken by someone so expect a lot of interest when this For sale signs are nailed to it.

Author: Site Admin
Tue 25th Sep 2007 14:29Source: Investor Release

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