Tiscali Expects To Be Snapped Up Within Two Years
By Robert Andrews - Wed 23 Jan 2008 04:19 AM PST
Tiscali’s CEO expects to sell the business to bigger rivals within two years. Tommaso Pompei told FT.com he saw few acquisition targets for the company so it’s more likely Tiscali would get bought itself - not this year, “but we are prepared to react should the consolidation take place”. Tiscali bought Pipex, one of the UK’s oldest ISPs, for £210 million in September, making it the country’s number-four broadband service. It’s rolling out its IPTV offering (the remnants of its Homechoice acquisition) in a patchwork fashion around the country and has several online VOD deals, too. November reports fingered Deutsche Telekom (NYSE: DT), Swisscom and Wind as potential suitors.
Posted in: Broadband, Companies, Tiscali, Countries, Europe, Italy
