Tiscali eyes Tele2's Italian business
MILAN (Reuters) - Italian Internet services provider Tiscali (TIS.MI) is planning to buy the Italian business of Swedish telecoms operator Tele2 (TEL2b.ST) which it values at 350-400 million euros (238-272 million pounds), an Italian newspaper said.
Tiscali has already made a proposal to the Swedish company, but it was not clear if Tele2 was willing to sell, financial daily Il Sole 24 Ore said on Saturday.
The newspaper said Tiscali sources have confirmed the interest in Tele2 Italia -- which has 2.5 million clients -- but said "there was nothing on the table" yet.
Tiscali declined to comment on the report. It has previously said it aimed to grow in Italy.
© Thomson Reuters 2009 All rights reserved.
Can I have one for Christmas?
The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri. Full Coverage
UK
US
London jewellers weigh Dubai crisis