Carphone Warehouse Wants To Buy Tiscali Broadband... Again

Carphone Warehouse, UK's third largest broadband provider after Virginmedia and BT, has reiterated its interest in buying the British part of Italian Telecoms company, Tiscali with more than 1.8 million subscribers.

The latest rumours say that Carphone Warehouse is looking to buy Tiscali for less than GBP 450 million which is way lower than the estimated GBP 600m that Tiscali values its UK business arm (ed: but then in the current economic market, can beggars really choose?)

Tiscali is UK's fourth largest broadband provider and would allow Carphone Warehouse Talktalk broadband operations to leapfrog its rivals and become UK's largest broadband provider with more than 30 percent of the market with a whopping 4.6 million customers.

Carphone Warehouse recently received substantial investments from American retailer giant Best Buy and decided to spin its broadband + phone business Talktalk as a separate entity in order to improve its balance sheet.

Tiscali wouldn't be the first of Charles Dunstone's broadband acquisition. Carphone Warehouse brought in AOL's broadband operations, Tele2 and Onetel users as well.

BT, Vodafone and Sky are also still interested in acquiring Tiscali's Broadband assets with BT rumoured to have the least chances due to a recent legal wrangles as well as the fact that it is the biggest broadband provider around.

Back in June, Tiscali tried to flog its broadband operations to the same courtesans but the whole process failed as Tiscali demanded more than others could offer; since then, Tiscali's shares have fallen by more than a third.