Broadband Price War. Poor old Plusnet!!

hurrah

"Despite higher-than-expected home broadband start-up costs confirmed by BSkyB yesterday, Carphone Warehouse continued to attract sellers. Even if BSkyB does spend more than the £400m it is now pencilling in, traders expect it to emerge as a dominant force in the industry at the expense of Carphone's offering. Shares in Carphone fell to 263.5p, 12p worse, 26.6 per cent below the 360p the shares hit soon after announcing its move into broadband. BSkyB shares shed 23.5p to close at 517.5p. But the biggest casualty of the broadband price war looks like being Plusnet, the small-cap operator, as the shares slipped another 12.5p to 132p. The stock has now fallen almost 70 per cent since mid-April."



http://news.independent.co.uk/business/analysis_and_features/article1185340.ece