BSkyB eyes Tiscali
December 11, 2008
BSkyB CFO Andrew Griffith has publicly stated it could make sense to buy the UK unit of Italian broadband operator Tiscali in order to increase the number of broadband households it can reach.
“At the moment, we only address 9 million homes, so Sky broadband products -great value though they are â€“ are only speaking to customers who are willing to take the TV offering,” he told an investor conference. “Something like Tiscali would allow us to extend our offering and our services to another 16 million households, and that potentially could have value.”
Media reports have put the value of Tiscali’s UK assets at about $737 million.