Telecom Italia to buy Tiscali France?

22 Mar 2005

According to Italian press reports, Telecom Italia is looking to acquire Tiscali France for between EUR250 million and EUR300 million. The Italian company is understood to be in competition with Neuf Telecom, Cegetel, Deutsche Telekom and Iliad. Tiscali is struggling to find EUR250 million to pay a bond, due in July, and has already sold non-core assets in Scandinavia and Austria.

France, Italy, Telecom Italia (TIM), Tiscali