Can Pipex really be a goldmine?

According to a snippet at the bottom of the story that “Pipex dangles WiMAX bait”
is this analysis:

“Pipex has been hyping its value for some months now, on the basis that it owns a bunch of radio spectrum of incalculable value. The value, unfortunately, depends on the parallel hype for WiMAX.”

Analyst Guy Kewney writes:

“What it boils down to is that if WiMAX takes off on a major scale, and if Ofcom manages to make a mess of recycling old analogue bandwidth as WiMAX, then (and only then) people could buy alternative WiMAX spectrum by buying Pipex for many times what it would be worth as a run-of-the-mill Internet service provider.

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