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Tiscali next for a BT takeover?

Posted by: eusty on Thursday, January 25, 2007 - 09:23 AM

The latest rumour in the broadband takeover frenzy is that BT are looking to buy Tiscali's UK operations.

The sale of the Italian groups UK assets has been on the cards for a while now, but BT seems to be the first name that has been mentioned. The Italian newspaper Il Sole 24 Ore quoted financial sources and revealed that investment bank Merrill Lynch and BT are in talks to finance the deal.

The UK arm of Tiscali is thought to be worth something in the region of Â£450m.

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