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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Netservices | NSV | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
7.50 |
Top Posts |
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Posted at 15/11/2006 20:36 by scoobydoo99 More bad news for NSV - lost 20% of their business and a legal wrangle, matter of time now I think......V21 to Begin Legal Proceedings Against NetServices plc V21 to Begin Legal Proceedings Against NetServices plc. London, November 15, 2006 - V21.co.uk Limited, an Internet service provider recently-acquired by Biscit, today announces that it will begin legal proceedings against NetServices plc (EPIC:NSV) seeking substantial seven-figure damages. The legal action results from NetServices decision to novate some of V21's customers to another service provider. V21 (recently renamed Biscit CSP) has had a commercial dispute with NetServices for some months and began well before Biscit acquired V21 in October 2006. V21 represents about twenty percent of NetServices' business. Post acquisition, NetServices presented an invoice to V21 for "burst bandwidth charges" for services it claims it provided to V21's customers from as far back as December 2005. V21 rejected this invoice and launched a full audit into every invoice presented by NetServices to V21 since commercial relations were established in December 2005. The audit began last week. In October, NetServices also refused to provide technical support to V21 customers and MAC codes allowing V21 customers to migrate to Biscit's secure and robust servers or any other provider. Today, NetServices, whose share price plummetted this year following a profits warning, decided to take the unprecedented decision to migrate some of V21 customers to another ISP called Ezeedsl, part of the 186k group. V21 strongly recommends affected customers to contact NetServices directly on 0870 753 0900, or by email sarahh@netservicespl |
Posted at 01/9/2006 08:27 by richoneday CreamerySorry that you have been caught on this one. My view is that the wholesale providers have their hooks so far into NSV that they are the ones who can benefit quickly. Legend have their own issues though and Thus having a nightmare time of integration as I understand it. Anyone thinking of buying.....just don't! |
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