Tiscali UK, one of the largest as well as most popular broadband service providers of the UK has been languishing in dire straits for a long period now. It is not at all a secret today that the Italy based UK ISP is going through a galaxy of financial setbacks. The most affected in the fiasco although, is the one million odd broadband customers of the broadband supplier who now faces an abrupt switch off at any moment.
Carphone Bid For Tiscali UK Assets May Be Foiled
Recent request of Tiscali broadband ISP to its concerned banks to postpone the interest payments on its long term loans has been of great news value in the recent times. Moreover, Tiscali’s disposing off its assets in Britain to British Sky Broadcasting ISP (BSkyB), also has taken a wild turn following the nose-diving of the value of sterling against the Euro. At present, if the bid of Carphone Warehouse to take over the assets in the news fails, Tiscali will be forced to wind up its businesses in the UK.
This does not bode well for the million strong broadband customer base of the sinking broadband provider. Moreover, many broadband experts are also of the opinion that the proposed Carphone take over of the Tiscali assets in the UK is very much unlikely now due to the current economic environment prevailing in the world.
Many of these experts also foresee a collapse in the near future for the Tiscali UK broadband company, which would see that its one million customers are stripped off a broadband connection all of a sudden. Apart from the broadband users of the ISP, its business customers would also be facing increased hardships in the hostile environment, if the connection is cut off.
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