Tiscali Confirms More Talks To Sell UK ISP Business; Carphone Warehouse Bid Reported


image Tiscali has confirmed it is yet again in talks to sell off its UK ISP business: Italian newspaper Milano Finanza is reporting that it expects a bid from Carphone Warehouse in the next month (via Reuters.com). MF reports that in response to its story, Tiscali “confirms the existence of negotiations for the sale of its (UK activities)” as part of its attempts to renegotiate its bank debt, though it doesn’t confirm the talks are with Carphone.

It’s not the first time Carphone has been linked to a Tiscali bid — Telegraph.co.uk reported that it was considering a bid in March and it certainly was in the running for the business last year, but pulled out of talks after an apparent disagreement on price. BSkyB (NYSE: BSY) emerged as a front-runner to buy the business in the second half of last year but — again — talks fell apart before both sides could agree on a price. Perhaps Tiscali’s 2.4 million customers would be a welcome addition to Carphone’s 2.8 million fixed-lined subscribers as it looks to separate its ISP business from its retail arm and create two separately listed public companies.

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