Feeds

Carphone goes bargain hunting in Tiscali sell-off

Gazunder bid in marathon auction

Internet Security Threat Report 2014

Carphone Warehouse has made a renewed, lowball offer for Tiscali's UK operations of "less than £450m".

The latest twist in Tiscali's lengthy attempt to offload its broadband customers pegs the value of its UK business much lower than the £600m its Italian owners targeted earlier in the auction, The Sunday Times reports.

Tiscali failed to find a buyer in time to meet a self-imposed deadline at the end of June. Carphone had made an offer, but it was rejected for being too stingy. BT, Vodafone and Sky also showed interest, but walked away from the bidding.

Since then, Tiscali's share price has fallen more than 40 per cent. The group has never made a profit, but is ranked fourth among UK ISPs, with 1.83 million subscribers.

A union with Carphone would create the UK's biggest internet operator, with about 4.6 million customers. It would make at least some sense given the pair's shared presence at the cheaper end of the market, but a cost-saving network integration would be likely be a nightmare. ®

Internet Security Threat Report 2014

More from The Register

next story
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.