Articles on the topic : Tiscali Broadband
Even though it backed out a year ago, the Carphone Warehouse is once again considering buying out Tiscali, the debt laden telecoms company that operates in both the UK and Italy.
Tiscali had been in talks with BSkyB, but negotiations broke down over price, leaving the Carphone Warehouse with an opportunity to reconsider a buyout plan.
Without a buyer, there is a real danger that Tiscali will enter administration, which would mean their customer base being sold to a different provider at a cut price.
In February the company’s shares were suspended as it struggled to repay the interest due on its £508 million debt pile.
The Carphone Warehouse refused to give a statement on the supposed takeover plan, saying, “We never comment on speculation.” Tiscali also refused to comment on the matter.
Only time will tell whether Tiscali can find a buyer and that leaves its customers in a fairly tough position. Should they stay and be sold on to a different provider? Or should they consider switching now?
Tiscali, the UK’s fifth largest broadband provider with over 1.8 million broadband customers is facing a fight for survival following the breakdown of its sale to broadcaster and triple play operator BSkyB.
The company, which operates in the UK and Italy is now asking banks to freeze its loan interest and capital repayments whilst it focuses on rebuilding its infrastructure. Shares in the company have been suspended following an extraordinary 40% drop in just one day.
The company’s main debt holder, JP Morgan, is now looking at all the options available with administration likely.
The company has debt of roughly £508 million, with deadlines for their next repayments of 11 million Euros being today, March 11th and Friday March 13th.
The proposed sale of Tiscali’s UK assets to BSkyB broke down because BSkyB’s offer, influenced by the current economic slow down, was far short of the £500-£600 million that Tiscali was asking for.
It now looks like the company will either have to cut its losses and sell well below its current asking price, or consider going into administration.
750 people are employed by Tiscali within the UK.
You can now get free phone line rental and free weekend phone calls with 8Mb unlimited Tiscali Broadband for just £9.99 a month.
The £9.99 per month price point applies for the first 3 months, followed by £14.99 per month for the remainder of the 12 month contract.
You can save £126 a year on your telephone line rental alone with this fantastic Tiscali Broadband and Talk package with free phone line rental.
You’ll also receive a free wireless router and free weekend International landline calls.
Please read our Tiscali Broadband review for more information on this deal and all the other Tiscali Broadband packages and bundles currently on offer.
Tiscali have cut the price of its wireless broadband and phone calls package to just £4.49 a month.
For this you’ll get up to 8Mb unlimited wireless Tiscali broadband plus free UK and International weekend phone calls.
The £4.49 per month price point applies for the first 3 months, followed by £12.99 per month for the remainder of the 12 month contract.
Set up is free whilst you’ll also receive a free wireless router. You can also keep your existing telephone number.
This is a special online offer that’s available until the 31st May 2008 so please use our Tiscali Broadband review for more information.
Superfast broadband from Tiscali now costs from just £6.49 a month and comes complete with a free wireless router and free UK and International weekend calls.
You’ll get up to 8Mb unlimited broadband depending on your homes distance from the local telephone exchange, plus free email anti-spam and anti-virus software.
There’s no set up costs to worry about, plus 24/7 technical support if you need it.
This special offer has a 12 month contract and costs £6.49 a month for the first 3 months, followed by £12.99 per month thereafter.
You’ll have to hurry though as this offer (already extended) ends on the 21st April 2008, so read our Tiscali Broadband review for more information.
Some good news for prospective Tiscali customers!
All Tiscali broadband contracts (together with Tiscali Talk and Tiscali TV) are now just 12 months instead of the 18 months as previously offered.
Tiscali have also updated their broadband, phone and TV bundles to give customers even better value.
You can now get Tiscali unlimited 8Mb broadband, telephone line rental, weekend UK and International phone calls, plus 60 digital TV & radio channels for just £19.99 a month. You’ll also receive a free wireless router for wireless broadband and a free set top box.
Further information can be found in our Tiscali Broadband review.