The Carphone Warehouse has been given the go ahead to complete it’s buy out of the UK arm of Tiscali by EU authorities.
The takeover is worth £236 million which is greatly needed by Tiscali who have a huge mountain of debt that they need to pay back.
With this acquisition it will take The Carphone Warehouses total broadband customer base to around 4.25 million making it the largest UK residential broadband provider alongside it’s other broadband entities such as TalkTalk Broadband and AOL Broadband.
The European Commission who looked into the takeover concluded that it would not damage competition in the UK, and with other big broadband providers such as BT and Virgin Media there is enough big competition in the UK.