Vodafone closes in on Tiscali

3 Jun 2008

Reports from the Italian press suggest that the UK’s Vodafone Group is ready to make an offer for all of the assets of Sardinia-based internet service provider Tiscali. The Italian daily MF says the British firm will submit its bid within the next 24 hours and intends to make an offer for the entire Tiscali group, including its main operations in Italy and the UK. It had been thought that Tiscali would have to split its UK and Italy businesses in order to attract suitable offers. Tiscali is valued at around EUR1.6 billion (USD2.5 billion).

Italy, United Kingdom, Tiscali, Tiscali UK, Vodafone Group