Carphone Warehouse has emerged as a potential suitor in the running for Tiscali, the Italian broadband operator that was put up for sale this week. A source confirmed last night that Carphone could be interested in Tiscali’s UK arm “at the right price.”
Tiscali said on Monday that it had hired JPMorgan Chase and Intesa Sanpaolo’s Banca IMI to evaluate strategic options aimed at boosting value for its shareholders. Massimo Cristofori, its chief financial officer, has said that Italy’s broadband operator would evaluate any proposal but dislikes the idea of a possible break-up of its domestic and international operations.
Monday’s announcement boosted the company’s shares, which closed up 13 per cent as investors speculated that several of its peers, including Telecom Italia and Fastweb, could bid for the group’s British or Italian operations.
Others rumoured to be interested in Tiscali’s British unit, which accounts for two thirds of overall revenue, include BT Group and Sky, although a source at BT said last night that a bid was unlikely.
News Source: Times Online
Tiscali said on Monday that it had hired JPMorgan Chase and Intesa Sanpaolo’s Banca IMI to evaluate strategic options aimed at boosting value for its shareholders. Massimo Cristofori, its chief financial officer, has said that Italy’s broadband operator would evaluate any proposal but dislikes the idea of a possible break-up of its domestic and international operations.
Monday’s announcement boosted the company’s shares, which closed up 13 per cent as investors speculated that several of its peers, including Telecom Italia and Fastweb, could bid for the group’s British or Italian operations.
Others rumoured to be interested in Tiscali’s British unit, which accounts for two thirds of overall revenue, include BT Group and Sky, although a source at BT said last night that a bid was unlikely.
News Source: Times Online
+1 they are useless!
And who owns TalkTalk? Carphone Warehouse!
Indeed. They're totally hopeless. Unfortunately I'm with them as I live with my parents, and no matter what I do to persuade them to change, they won't.
Note - sarcasm
Worst ISP ever.
At the moment
Virgin media
Sky
Talktalk/Aol (CPW)
Tiscali/pipex/homechoice
BT/Plusnet/Brightview(and subsiderys)
O2/BE*
ADSL24
UKFSN
ZEN
Orange (formally wanndo/freeserve)
And those are just the ones I can remember their names there's loads of smaller ISP's and probably some quite large ones that i've missed of that list.
look at thinkbroadband.com if you really want to see how many there are
Carphone Warehouse AWFUL
Here is the reason they are interested:
"evaluate strategic options aimed at boosting value for its shareholders"
which is probably not in the best interests of customers of Tiscali or their other ISP's (AOL UK etc)
The customer service which all of these companies is frankly bloody awful and Tiscali is no better.
Perhaps they are good for other after all! :-)
Kind Regards
Simon
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