The Week: City News - TalkTalk buys Tiscali UK

TalkTalk, the home phone and broadband specialist that is part of The Carphone Warehouse, has bought Tiscali UK in a deal worth £236 million.

The announcement means that TalkTalk becomes Britain's largest consumer broadband provider, servicing 4.25 million customers across 25 per cent of UK households. The deal, which should be completed by the end of May, signals the end of months of speculation surrounding Tiscali's future. The company was put up for sale in April last year, and was on the cusp of being bought by BSkyB before the media giant pulled out because of worsening financial conditions.