Carphone Warehouse to bid for Tiscali UK?

3 Apr 2008

The Times reports that Carphone Warehouse could be interested in acquiring Tiscali UK ‘at the right price.’ Tiscali said on Monday that it had hired JP Morgan Chase and Intesa Sanpaolo’s Banca IMI to evaluate strategic options aimed at boosting value for its shareholders. Massimo Cristofori, Tiscali’s chief financial officer, has said that the company would evaluate any proposal, but dislikes the idea of a possible break-up of its domestic and international operations. Others rumoured to be interested in Tiscali’s British unit include BT Group and Sky.

United Kingdom, BT Group (incl. Openreach), Sky, TalkTalk, Tiscali UK