Broadband consolidation
Back in May we reported that Tiscali was available to buy but that the competitive bidding process had initially been a non-starter.
Subsequently Carphone Warehouse announced it was "involved in the process", but today it has emerged that BSkyB is actively sniffing around Tiscali UK.
Tiscali made the following short statement on the matter: "With regard to what has been reported by the press and following Consob's request, Tiscali clarifies that it is currently holding talks with the BSkyB Group plc in relation to certain UK assets."
Consob stands for Commissione Nazionale per le Società e la Borsa and is Italy's official body for regulating companies and stock exchanges.
We contacted Carphone Warehouse to find out if it was now out of the running. Its press office was prepared only to reiterate its stance that it won't pay over the odds for acquisitions.
