The UK's independent ISP market just keeps on shrinking, with Pipex hawking itself around looking for a buyer. Weekend reports said Chairman Peter Dubens has appointed bankers UBS to find a buyer for the firm, however the company itself is refusing to comment. Dubens announced a review of business in January to decide the best way forward.
Pipex confirmed the reports this morning, saying the bankers were examining a number of strategic options, including a possible sale. Pipex shares are down almost two per cent today, but enjoyed a big rally last week. The company has a market cap of Â£335m and claims over half a million broadband customers. Independent ISPs are struggling to compete with the big brands like Virgin, Sky, and the various mobile companies who offer a bundle of services.
View: The full story
News source: The Reg