Pipex shareholders approve acquisition by Tiscali

Pipex shareholders approve acquisition by Tiscali

August 13, 2015

At an Extraordinary General Meeting held in August 2015, Pipex shareholders voted in favour of Tiscali UK acquiring the ISP's broadband customers.

The official notification states that: Pipex Communications plc, a major provider of telecommunications and internet solutions including broadband, voice, web hosting and network services, announces that at today’s Extraordinary General Meeting shareholders voted in favour of authorising the disposal by the Company of certain of its subsidiaries comprising its broadband and voice division to Tiscali UK Holdings Limited, and to the alteration of the terms applying to certain bonds issued by Pipex Finance (Jersey) Limited, which is a subsidiary of the Company, and the redemption of such bonds.

Before proceeding, the deal must still gain final regulatory approval but no difficulties are anticipated. It is still not clear what will happen to the service of Pipex customers following the acquisition. It is understood that Tiscali intends to move related customers onto its own platform.

Pipex is one of the last big independent broadband providers still to be operating in the UK.

timyeo

Related Posts

Android’s OHA garners big name support

Comments Off on Android’s OHA garners big name support

Tyntec’s health sector SMS alerting used in Australia

Comments Off on Tyntec’s health sector SMS alerting used in Australia

Support Telecom helps hospice slash phone bill

Comments Off on Support Telecom helps hospice slash phone bill

Advertised broadband speeds criticised by Which?

Comments Off on Advertised broadband speeds criticised by Which?

GTA TeleGuam appoints EVP-Operations

Comments Off on GTA TeleGuam appoints EVP-Operations

Hogg Robinson reports video conferencing growth

Comments Off on Hogg Robinson reports video conferencing growth

HwaCom-Asustek secure consecutive order from CHT

Comments Off on HwaCom-Asustek secure consecutive order from CHT

BT sends out device to boost broadband speeds

Comments Off on BT sends out device to boost broadband speeds

BT in Wi-Fi deal with Starbucks

Comments Off on BT in Wi-Fi deal with Starbucks

Is it actually broadband or bankruptcy for rural businesses?

Comments Off on Is it actually broadband or bankruptcy for rural businesses?

Geo warns on broadband via sewer plan

Comments Off on Geo warns on broadband via sewer plan

Canadians get international in-flight Wi-Fi

Comments Off on Canadians get international in-flight Wi-Fi

Create Account



Log In Your Account