Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Carphone Warehouse mulls fresh Tiscali bid - paper

Published 03/29/2009, 09:34 PM
Updated 03/29/2009, 09:48 PM
BSBAy
-

LONDON, March 30 (Reuters) - British telecoms group Carphone Warehouse is considering a bid for the UK arm of Italian broadband operator Tiscali after withdrawing from talks last year, the Daily Telegraph reported on Monday, without citing sources.

A spokesman for Carphone Warehouse said: "We never comment on speculation."

Earlier this month, Italy's third-largest Internet provider said that due to a deterioration in market conditions it became "almost impossible" to continue negotiations to sell its British assets to UK pay-TV firm BSkyB .

There is also speculation BSkyB is considering renewing talks, the newspaper said.

On Friday, debt-laden Tiscali said its creditor banks had agreed to suspend its debt repayments, adding it was confident debt restructuring talks would conclude positively. (Reporting by Olesya Dmitracova, Editing by Ian Geoghegan)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.