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Pipex pays $45 million for Toucan business

LONDON, Sept. 7 (UPI) -- Pipex Communications PLC is paying $45 million to IDT Corp. for its Toucan consumer phone services business in Britain.

The stock-and-cash deal gets Pipex a provider of integrated telecommunications and Internet services like broadband, voice, domain name registrations and hosting.

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Pipex said Thursday it will assume Toucan's customer base and current employees.

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