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ic24 denies Tiscali acquisition

Still for sale apparently

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Trinity Mirror has denied reports that it has sold its ISP, ic24, to Tiscali for £25 million.

Bloomberg cited a report by German news outfit, MF which said the Italian telco had agreed to buy ic24 and the Internet division of German wireless operation, Viag Interkom.

A spokesman for ic24 said that as far as he was concerned, ic24 was still negotiating a sale with so far un-named operators.

He declined to name those currently in the frame.

A fortnight ago Trinity Mirror announced its intention to sell ic24 since it "no longer regarded [it] as essential to the group's digital media activities".

It also closed its portal sites icShowbiz and icSport and ceased work on a new consumer affairs site, icChoice which resulted in the loss of up to 70 jobs.

Anyhow, the whisper is that Cable and Wireless - which provided the network infrastructure for ic24 - is currently favourite for the acquisition...but keep it under your hat, OK? ®

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