Feeds

Tiscali subscribers to be sold to Vodafone tomorrow: report

Deal will jump Voda forward in broadband market

High performance access to file storage

The Italian board of Tiscali will tomorrow approve a Vodafone offer to buy its broadband businesses outright, according to a report.

The claims have been made in the Italian newspaper MF, and have been believed by investors, who have sent shares in Tiscali rocketing this morning.

The bid is said to be worth about €2.8 per share, which would value Tiscali's broadband base at €1.6bn. The current share price of €2.54 gives Tiscali a market capitalisation of €1.46bn.

Tiscali representatives said no decision has been taken yet, Thomson Financial reports.

Unlike rivals at O2 and Orange, Vodafone shunned running its own fixed line broadband network when bundling up services was all the rage in 2006. Instead it preffered to offer mobile subscribers ADSL via a reseller deal with BT Wholesale that has been largely overlooked.

Buying Tiscali would leapfrog Vodafone into fourth in the overall broadband market, and first among mobile operators that offer fixed line internet access. It's unclear what ownership of its own network would mean for its relationship with BT.

Earlier in May, Carphone Warehouse's bid was rejected by the Tiscali board. Sky has also reportedly expressed interest in the firm's almost 1.9 million UK customers.

Tiscali also owns the Pipex, Nildram and Freedom2Surf brands. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.