TalkTalk to become biggest broadband provider with Tiscali UK acquisition

Telecoms / Utilities

Fiona Ramsay

May 08, 2009

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TalkTalk to become biggest broadband provider with Tiscali UK acquisition

LONDON - Carphone Warehouse's broadband business TalkTalk is buying Tiscali UK in a £236m cash deal which will create Britain's largest consumer broadband provider with more than 4.25m customers.

Tiscali was originally looking to raise £600m through a sale.

The future of Tiscali has been uncertain for months as Sky and Carphone Warehouse walked away from negotiations, claiming Tiscali's price was too high.

The Tiscali deal is planned to complete by the end of next month.

Carphone Warehouse said Tiscali customers would continue to receive uninterrupted home phone and broadband services and has created a website at www.talktalk.co.uk/tiscali to give customers information.

The move comes as TalkTalk plans an overhaul of its brand under new marketing director Olivia Streatfeild.

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