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| Cable & Wireless lands first major wholesale deal with Pipex |
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Cable and Wireless plc (Cable & Wireless) today (7 September 2006) announces
Pipex as the first wholesale customer to sign up to use its unbundled local loop
(LLU) access network. Expected to be worth in excess of £250 million over five
years, the contract sees Cable & Wireless supplying LLU-based broadband services
to support Pipexs existing and future customers on a preferred supplier basis.
The contract value is dependent upon actual customer numbers over the term of
the contract.
In addition - in a move marking its withdrawal from direct residential and small
business broadband services - Cable & Wireless has agreed to sell Bulldogs
residential and small business broadband customer base to Pipex for £12m in cash
which will be retained by the UK business for reinvestment. This figure is subject
to adjustment once the number of customers has been finalised post completion.
A transitional services agreement is also in place to support Bulldog customers
during the move to Pipexs own customer support operations and Pipex will also
acquire various rights to the Bulldog brand, including domain names.
John Pluthero, Group Managing Director of Cable & Wireless UK, commented:
Pipex is an existing and valued customer of ours were pleased to be able to grow
our relationship. Peter Dubens, Chairman of Pipex, said We are delighted to welcome
all the Bulldog customers to the Pipex Group and are very pleased to have Cable
& Wireless as a wholesale supplier. Going forward, this relationship will
add breadth to the choice of services that we are able to offer to all of our
customers.
-ends-
About Cable & Wireless
Cable & Wireless is one of the worlds leading international communications
companies. It operates through two standalone business units International and
UK.
The International business unit operates integrated telecommunications companies
in 33 countries offering mobile, broadband, domestic and international fixed line
services to residential and business customers, with principal operations in the
Caribbean, Panama, Macau, Monaco and the Channel Islands.
The UK business unit provides enterprise and carrier solutions to the largest
users of telecoms services across the UK, US, continental Europe and Asia, and
wholesale broadband services in the UK.
For more information about Cable & Wireless, please visit www.cw.com
About Pipex
Pipex is a multiple award-winning provider of integrated telecommunications and
Internet services. With a broad customer base including small/home-offices and
blue chip companies, Pipex provides a comprehensive range of consumer, business
and corporate voice, broadband, security domain name registration and shared and
dedicated hosting solutions. Pipexs focus is simple: enabling businesses and consumers
to achieve their aspirations through proven communications services and emerging
technologies. This is achieved through an extensive portfolio of high-speed Internet
connectivity, managed services and hosting, security and voice products - combining
exceptional performance, innovation and a commitment to customer service.
Owning one of the UKs most extensive communication networks, Pipex boasts more
than 100 Points of Presence (PoPs) nationwide. In addition, state-of-the-art data
centres, which are manned and monitored 24x7, ensure the security of Pipexs customers
business critical applications. Its commitment to investing in its technology
infrastructure ensures that Pipex continues to deliver the most scalable, resilient,
secure and reliable services. For further information please visit www.pipex.com
Cable & Wireless contacts:
Investor Relations
Ashley Rayfield Director, Investor Relations +44 (0) 20 7315 4460
Craig Thornton Manager, Investor Relations +44 (0) 20 7315 6225
Media
Clare Waters Director, External Affairs +44 (0) 20 7315 4088
Antonia Graham Head of Corporate and UK PR +44 (0) 7803 724 111
Press Office Cable & Wireless +44 (0) 1344 818 888
Rollo Head Finsbury +44 (0) 20 7251 3801
James Wyatt-Tilby Finsbury +44 (0) 20 7251 3801
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