Tiscali Shares Suspended As Sale Collapses ; in Association with Lloydstsb.Com/Corporatemarkets

Birmingham Post › March 10, 2009

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Summary

Shares in broadband provider Tiscali were suspended yesterday 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 tries to restructure its EUR500 million (pounds 453m) debts.

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Tiscali Shares Suspended As Sale Collapses ; in Association with Lloydstsb.Com/Corporatemarkets

Tiscali had almost 1.8 mil...

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