IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Carphone Warehouse buys Tiscali for £236 million

Communications giant Carphone Warehouse's TalkTalk arm has snapped up internet service provider Tiscali in a big-money deal.

Carphone Warehouse store

The Carphone Warehouse has silenced rumours that its TalkTalk broadband arm planned to buy Tiscali by doing just that and shelling out 236 million in the process.

The deal is expected to by completed by June this year and, once it has been given the regulatory green light, will bring TalkTalk's subscriber tally to more than four million.

"We are delighted to be acquiring Tiscali's UK business - we know the business well and the fit with TalkTalk is perfect. In one step, it makes TalkTalk the UK's largest residential broadband provider with over 25% residential market share and a total of 4.25 million customers," said Charles Dunstone, the Carphone Warehouse Group's chief executive, in a statement.

"It also delivers clear shareholder value with significant enhancement to this year's earnings per share and substantial synergies to be achieved next year and beyond. We very much welcome Tiscali's UK customers and staff to TalkTalk. Together we intend to continue leading the way in UK broadband."

Indeed, Carphone Warehouse believes that the deal will shave up to 50 million each year from TalkTalk's overheads through customer migration and unbundling and billing and network integration.

Featured Resources

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Most Popular

Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022
Cyber attack on software supplier causes "major outage" across the NHS
cyber attacks

Cyber attack on software supplier causes "major outage" across the NHS

8 Aug 2022