Thus, the company behind the Demon brand, has agreed to sell its Dutch arm to telco Royal KPN NV for £47m. The deal is now before the Works Councils of both firms for rubber-stamping.

The Demon ISP has 77,000 subscribers in the Nertherlands and brought in £19.8m over the past year with EBITDA (earnings before interest, tax, depreciation and amortisation) of £2.2m. The operation's assets are valued at £5.3m.

Thus announced plans to concentrate on its domestic operations in a strategy review in February. The group is aiming to focus on the UK business market.

It will post its annual results on 19 June. ®

Related stories

• KPN trades fixed line for IP telephony (6 February 2007)

  http://www.theregister.co.uk/2007/02/06/kpn_trades_fixed_for_ip/

• Thus turns a profit (20 November 2006)

  http://www.theregister.co.uk/2006/11/20/thus_h2_2006/

• Demon Internet on the market again (26 October 2006)

  http://www.theregister.co.uk/2006/10/26/demon_being_sold/

• Demon hosting back online (3 October 2006)

  http://www.theregister.co.uk/2006/10/03/demon_hosting_down/

• Thus pips BT to £70m Scottish broadband project (30 June 2006)

  http://www.theregister.co.uk/2006/06/30/thus_broadband/

• UK telcos challenge 'next generation networks' trademark (26 June 2006)

  http://www.theregister.co.uk/2006/06/26/ngn_trademark/

• Broadband numbers grow at Demon (19 June 2006)

  http://www.theregister.co.uk/2006/06/19/demon_thus/

• Demon does VoIP (5 May 2006)

  http://www.theregister.co.uk/2006/05/05/demon_voip/

• Demon chases overdue accounts (4 April 2006)

  http://www.theregister.co.uk/2006/04/04/demon_billing/

• Demon 'forgets' to bill customer for four years (31 March 2006)

  http://www.theregister.co.uk/2006/03/31/demon_billing/

• Thus integration going to plan (30 March 2006)

  http://www.theregister.co.uk/2006/03/30/thus_integration/

• Thus acquisition of Your Comms gets green light (24 February 2006)

  http://www.theregister.co.uk/2006/02/24/thus_yc/