One of the broadband service providers in the UK has selected a savings bank to vend their remaining assets subsequent to the takeover by their competitor ISP Tiscali.

According to the Independent reports, Pipex has appointed UBS to sell the company after they has marked a beating for the initial six months since the triumph by Tiscali took place. The other Pipex business includes a web hosting unit and a wireless broadband combined endeavour with Intel that is built around the WiMAX standard. It has been noted that Pipex witnessed a loss of more than £8.5 million in the first half 2007.

Peter Dubens, who is the founder and chairman of Pipex, stated that he is on the look out of a single bidder for the hosting businesses but will float the wireless section. Earlier this year Tiscali broadband purchased Pipex for £210 million, adding an estimated 500,000 customers to its market base.

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3. Pipex’s wireless broadband offering rebranded
4. Ideal Broadband Pack from Pipex
5. Daisy sold its Broadband Wireless Spectrum, WiMAX B to UK Broadband Ltd