The Carphone Warehouse (CPW) have been removed from the short-list of companies who Tiscali are looking to sell to.
A four hour board meeting concluded that 6 of the 7 companies that put initial offers in to buy Tiscali were still left on the list with just CPW been removed.
CPW are the third largest UK broadband provider, if they did manage to buy the Tiscali broadband customers it would shoot them up into top spot as the largest UK broadband provider.
It is believed an offer of £550 million was put forward by CPW for Tiscali UK, however from what we hear the offer may have been rejected due to Tiscali not wanting to split up it's operations like CPW were after.
CPW last week said that they are to get £1.1 billion in a deal with US consumer electronics retailer Best Buy in a joint European venture.
This money could possibly be used to increase CPW offer and put them back on the shortlist.
Other companies apparently on the shortlist are Vodafone, BT and also BSkyB
Author: Mark Ward Copyright: BroadbandWatchdog.co.uk - NetMediaUK.com
CPW are the third largest UK broadband provider, if they did manage to buy the Tiscali broadband customers it would shoot them up into top spot as the largest UK broadband provider.
It is believed an offer of £550 million was put forward by CPW for Tiscali UK, however from what we hear the offer may have been rejected due to Tiscali not wanting to split up it's operations like CPW were after.
