Feeds

Sky 'withdraws' from Tiscali buyout talks

The price is wrong

The smart choice: opportunity from uncertainty

Sky has reportedly pulled out of exclusive talks to buy Tiscali's UK operation.

Tiscali's Italian owners were unable to agree a price with Sky, according to the Guardian.

A Sky spokesman declined to comment this morning.

The UK's fifth largest ISP has been for sale since May, and saw its customer base shrink by 37,000 in the three months to the end of September while bankers attempted to cut a deal - first with Carphone Warehouse, then Vodafone, then Carphone Warehouse again, and then Sky.

All walked away over the £600m reportedly demanded by Tiscali for its approximately 1.77 million subscribers. Sky offered about £450m, according to reports.

A deal would have seen Sky leapfrog Carphone Warehosue to take third largest ISP spot, and represent a shortcut to offering broadband to customers who do not want satellite TV. Sky has mothballed its own "Picnic" standalone broadband product, alleging foot-dragging by Ofcom.

But for now it would seem Tiscali remains on the block. Any eventual acquirer faces the task of making sense of its many brands and systems, which include Homechoice, Pipex and Freedom2Surf. ®

Mobile application security vulnerability report

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Microsoft unsheathes cheap Android-killer: Behold, the Lumia 530
Say it with us: I'm King of the Landfill-ill-ill-ill
All those new '5G standards'? Here's the science they rely on
Radio professor tells us how wireless will get faster in the real world
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.