UK News: Pipex for sale

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 £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.
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News source: The Reg

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