Tiscali, one of Europe’s largest broadband providers, has been looking to sell its UK business for around a year now to rid itself of debts. Now it’s finally found a buyer in the shape of Carphone Warehouse, but for $360 million, which is less than half the amount the company had originally been looking to raise.
The acquisition will make Carphone Warehouse the UK’s largest broadband supplier, giving it 4.25 million users, more than either BT or Virgin, and all the more remarkable because it didn’t enter the broadband market until 2004.
