The bidding for Pipex is likely to start up as Pipex instructed UBS to help advise on its sale.
The sale is unlikely to be for less than £300 million based on it's current stock market value of around £330 million with reports of a value of around £400 million likely to be close to an expected sale price, and with the broadband market being extremely competitive with all the big players tying to increase their market stake the sale is likely to cause allot of interest.
Pipex have around 570,000 customers through Pipex and their other brands, such as Nildram, Bulldog and Freedom2Surf .
The companies likely to be interested are BT (who looked into buying Pipex last year), The Carphone Warehouse, Orange & Sky.
Author: Mark Ward Copyright: BroadbandWatchdog.co.uk - NetMediaUK.com
Pipex have around 570,000 customers through Pipex and their other brands, such as Nildram, Bulldog and Freedom2Surf .
