Vodafone ends its interest in buying Tiscali

Vodafone ends its interest in buying Tiscali

Vodafone is reported to have to ended its interesting buying Italian-owned broadband provider Tiscali.

Vodafone was understood to be eyeing up a bid for the UK and Italian arms of Tiscali for around £1.3bn, but the interest is believed to have waned.

Shares in Tiscali dropped by more than 9% to just over two euros per share following news of the Vodafone decision.

Carphone Warehouse had lined up a bid for Tiscali’s UK-division which was said to have been ditched in favour of Vodafone’s bid for the entire business.

Vodafone declined to comment.

Written by Mobile Today
Mobile Today

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