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Tiscali for sale?
Posted by: eusty on Monday, December 18, 2006 - 07:15 AM
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Italian group Tiscali SPA plans to sell its Tiscali UK division
according to a report in the Independent on Sunday.
According to the paper the telco sent a memorandum of sale last week to
potential buyers, of which BT, BSkyB, Orange, Carphone Warehouse and NTL were
mentioned as potential buyers.
The company is reportedly focusing on its Italian business after saying in
September that it was selling its Dutch business and that it planned to withdraw
from Germany and the Czech Republic.
The UK division of the company generates profits of around £30m per year, and
bids are expected to be around the £600m mark.
Watch this space.....
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