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Tiscali may attract eight bids

8 May 2008

Tiscali is expecting to receive eight non-binding offers for its assets, daily Il Corriere della Sera is reporting, without giving a source. The bidders are named as British Sky Broadcasting (BSkyB), BT Group, Carphone Warehouse, the Virgin Group, Fastweb, Vodafone, Telecom Italia and Wind. Only Vodafone is believed to be interested in the whole of the group, while the others are only interested in either the UK or Italian businesses. Tiscali’s board is expected to examine the offers on Monday with the aim of completing the sale by the end of June, the daily added.

Italy, United Kingdom, Tiscali (incl. Linkem), Tiscali UK, Vodafone Group

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