Busy times for CPW
A Carphone Warehouse (CPW) spokesperson has confirmed that it is in the running to buy ISP Tiscali.
“The sales process on an acquisition is a long term process,” said the spokesperson. “I'm saying that we are involved in that process but our investors will remember that we have a tradition of not over paying for on acquisitions.”
The latter point was made in response to reports that CPW had bid £550 million for Tiscali. “I don't know where that figure came from,” added the spokesperson. “It certainly didn't come from us and we would never divulge how much we were planning to bid. It would be madness to do so!”
It would certainly be a good fit for the ISP arm of CPW - TalkTalk, which was made semi-autonomous from the retail arm that Best Buy is now the joint-owner of, last month. Tiscali is the only remaining major ISP available for acquisition and it would make CPW/TalkTalk the biggest ISP in the UK.