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May 28, 2008

Is Tiscali finally going to split?

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by David Allen

As the bidding has finished for the Italian based telecom firm Tiscali, there is still no clear news as which way this is going to go.

It is believed that Vodafone made the highest offer, but this has since been rejected by the main shareholder and founder of Tiscali, Renato Soru.

Currently the share price is around 2.4 euros, this values the shares at 1.4 billion euros.

The feeling has to be that Tiscali could be worth more if it were split up into a European and UK division, leaving it open to offers from BSkyB and possibly even BT for the UK division.

However there is still the possibility that the Carphone Warehouse may find that they come into play here.

Their bid was rejected before, but that was when Tiscali was up for sale as a whole. Should it come down to a UK bid then maybe Tiscali will be open for bids again.

Story link: Is Tiscali finally going to split?

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1 Comment »
  1. I think Carphone knows what price Tiscali is worth and if it turns out that they cannot aquire it at that price, then they’ll just walk away. They have been successful in turning TalkTalk around, and with the aquisition of AOL uk then they already have a customer base that they can grow organically. Along with talks in the last press meeting before Best Buy was announced, they mentioned further improvements of their fixed line services with the likelihood of fibre optic installation and exchange upgrades.
    They know where they are heading, and if Tiscali is not purchased then i doubt they will worry too much.

    Comment by Sam — May 28, 2008 @ 8:10 pm

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