Join 
You are here: 
Virgin Media looking to acquire Pipex Broadband?
# Mar 25, 08:50 PM by Mick
Virgin Media could be looking to expand its off-net (non-cable) capabilities via DSL according to a report in The Daily Telegraph. Expanding its own Virgin.net capabilities further into DSL would also allow another avenue to compete against bitter-rival Sky, who are agressively pushing their own DSL options.
Pipex, which came 10th in a recent Watchdog poll is understood to be soliciting bids via the investment bank UBS.
Virgin Media, who is also considering unbundling exchanges themselves, are also competing with BT (who have allegedly already made an approach), Carphone Warehouse, Orange, Tiscali, and of course Sky. Pipex have reported to have valued their company at £336m.
Another interesting aspect to purchasing Pipex, is that its only one of two providers to currently hold a WIMAX license, a scheme to deliver broadband via wireless wi-fi access. Purchasing Pipex would give the buyer the license without having to go through a costly auction process.
As of time of reporting, noone from Pipex, UBS, Virgin Media or BT has made a comment.
Viewed: 66 times.
(Note: View count introduced 19/4/08: Only views counted from this date onwards are recorded. Actual views for older news articles will be significantly higher than otherwise indicated).
What are the links below for? Use the links below to share our news article on the social bookmarking site of your choice (Note:- Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others).