Tiscali Discusses Sale of U.K. Assets - WSJ.com

Tiscali Discusses Sale of U.K. Assets - WSJ.com

The Wall Street Journal is reporting that Tiscali (Italy) is in advanced negotiations with Carphone Warehouse with respect to the sale of Tiscali UK.

Tiscali (UK) has been on the market for over a year and there have been various rumours about their sale. They acquired HomeChoice (VideoNetworks) who had 30,000 IPTV customers, Tiscali increased this to 100,000 which was still half of their 200,000 target.

Carphone Warehouse could add Tiscali's customer base to their network (they'd dump overlapped network), but the IPTV infrastructure could be of interest as it will give them a competing service to BT Vision and whatever Sky are going to launch when they get their IPTV act together.

Sky are also rumoured to be be a suitor.