Orange Pulls Out of AOL UK Bidding; Bidders For Tiscali UK
By Rafat Ali - Wed 20 Sep 2006 08:11 PM PST
Some update on AOL UK’s bidding: France Telecom’s Orange unit has pulled out of the bidding for the UK arm, reports Times Online, though Murdoch-controlled BSkyB and Carhpone Warehouse are still in the hunt.
AOL sold its ISP unit in Germany earlier this week, for $852 million.
In the same report, Tiscali UK, which recently bought out IPTV firm Homechoice, may be on the block, and BT is eyeing it, the story says. The Italian Internet group, which has resorted to borrowing money from a hedge fund at 11 per cent, is insistent that its UK division is not up for sale.
AOL and Tiscali are the UK’s third and fourth-ranked internet players with 2.2 million and 1.2 million customers respectively.
Posted in: Companies, Time Warner, AOL, Tiscali, Countries, Media, IPTV, Orange




