BT has offered £67m to buy internet service provider PlusNet. BT said it was buying the company because "broadband is increasingly becoming more than just fast internet access and PlusNet has a strong reputation for both customer service and innovation". PlusNet CEO Lee Strafford said: "BT recognises the importance of retaining PlusNet's identity and culture and I believe this will give rise to exciting opportunities for PlusNet, our customers and our employees." The company has almost 200,000 broadband customers and some narrowband punters too. PlusNet will keep its brand, its CEO, Strafford, and its Sheffield headquarters.
For the year to 30 June 2006 the ISP turned over £41m and made net income of £3.9m.
