Fri, 08 May 2009 Carphone Warehouse buys rival Tiscali for £236m
Carphone Warehouse will take on Tiscali's three million customers
Carphone Warehouse is set to become Britain's second largest broadband provider after it agreed to pay £236m in cash for the UK assets of Tiscali.
Carphone Warehouse, which owns TalkTalk and also AOL UK's broadband business, will take on Tiscali's three million customers and will have 25 per cent of the market when the deal goes through next month.
The company said the move "ends any uncertainty for Tiscali customers" who may have been concerned by reports last month that the troubled ISP was close to administration.
Auditor Ernst & Young said in April that mounting debts had left Tiscali close to collapse.
Tiscali customers can now be "safe in the knowledge they'll get uninterrupted service", according to a Carphone Warehouse statement.
"Six years ago, no one could have imagined that we would build the largest residential broadband provider in the UK, but our determination to offer incredible value with the latest technology has propelled us to being the most popular provider in the country," said Carphone Warehouse chief executive Charles Dunstone.
"Combining Tiscali with TalkTalk creates a unique platform that will allow us to innovate faster and provide an even better service for our enlarged customer base."
Carphone Warehouse has created a Web site for Tiscali customers looking for more information on how the acquisition affects them.
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Comments received
Reader said on Fri, 08 May 2009
I've been mostly happy with Tiscali. Apart from slow broadband speeds in the evenings. I'll go and post my views at the CPW site now.
CFC said on Fri, 08 May 2009
Frying or fire?
peter said on Fri, 08 May 2009
Mac code time
patrick Johnson said on Wed, 13 May 2009
"safe in the knowledge they'll get uninterrupted service"
Well I have aol and I do not get a uninterruped service, in fact many times i have gone into my router settings to find its only doing 1mb instead of the 3mb i can get
CPW are a Joke And the free laptop I got did not even have a built in microphone.
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