We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

Sky drops £450m Tiscali bid

UK broadband bids off the table

UK satellite broadcaster and growing broadband provider Sky has apparently pulled out of talks to acquire broadband provider Tiscali's UK business.

Sky was reported to have offered £450m for Tiscali after rival Carphone Warehouse pulled out of the auction. Either Sky appears to have decided that its offer was overpriced in the current economic climate or Tiscali is holding out for a larger offer.

Tiscali apparently turned down better offers - seeking £600m for the business. Carphone Warehouse tried with £550m but were turned down.

Tiscali logo

If successful Sky would have become Britain's third-largest broadband supplier with 3.6m customers - ahead of Carphone Warehouse and close to TV rival Virgin Media (3.8 million subscribers). BT remains number one (4.5 million) by some margin.

Tiscali has been up for sale since May, with Carphone Warehouse and Vodafone both interested parties.


IDG UK Sites

Best Christmas 2014 UK tech deals, Boxing Day 2014 UK tech deals & January sales 2015 UK tech...

IDG UK Sites

LED vs Halogen: Why now could be the right time to invest in LED bulbs

IDG UK Sites

Christmas' best ads: See great festive spots studios have created to promote themselves and clients

IDG UK Sites

Why Apple shouldn't be blamed for exploitation in China and Indonesia