Tiscali split likely
Wednesday 28 May 2008
Now that a buy-out of Italian operator
Tiscali has failed, suggestions are circulating that the Italian and British operations are likely to be sold separately.
During Tiscali's 'bidding round', rival ISP Vodafone made the highest offer, however this has been rejected.
Sky and Italian firms Fastweb and Wind are also said to have placed a bid for acquisition.
Tiscali previously commented that they would prefer to keep the company whole. However, as shareholders have had a say in the procedure it is now believed that there will be more value in separation.
A presentation will take place next week in order to stir up interest with potential buyers. Rumours are that BT, Telecom Italia and
Virgin Media still have an interest in the buy-out.
Source:
Digital Spy
