Belfast Telegraph

Sunday 19 April 2015

Tiscali suspends shares after BSkyB deals collapses

Shares in broadband provider Tiscali were suspended today after a sale of its UK business to BSkyB collapsed.

Tiscali had been in talks with the broadcaster since November, but said on Friday that worsening market conditions made it "impossible to proceed" with a deal.

The Italian firm will also ask lenders to suspend interest payments and covenant terms as it attempts to restructure its 500 million euro (£453m) debts.

Tiscali had almost 1.8m UK broadband customers at the end of September last year, making it the UK's fifth biggest supplier.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?



Company Profiles


Help & Advice


People on the move