Feeds

Carphone goes bargain hunting in Tiscali sell-off

Gazunder bid in marathon auction

Boost IT visibility and business value

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. ®

The essential guide to IT transformation

More from The Register

next story
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Canadian ISP Shaw falls over with 'routing' sickness
How sure are you of cloud computing now?
Don't call it throttling: Ericsson 'priority' tech gives users their own slice of spectrum
Actually it's a nifty trick - at least you'll pay for what you get
Three floats Jolla in Hong Kong: Says Sailfish is '3rd option'
Network throws hat into ring with Linux-powered handsets
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
PwC says US biz lagging in Internet of Things
Grass is greener in Asia, say the sensors
Ofcom sees RISE OF THE MACHINE-to-machine cell comms
Study spots 9% growth in IoT m2m mobile data connections
O2 vs Vodafone: Mobe firms grab for GCHQ, gov.uk security badge
No, the spooks love US best, say rival firms
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.