Tiscali UK’s Sale To BSkyB Now ‘Almost Impossible’

The possible sell-off of Tiscali’s UK ISP to BSkyB (NYSE: BSY) is off, leaving the Italian outfit seeking special dispensation on interest repayments from its bankers. The ISP/telco said Friday the a sale to Sky was now “almost impossible”, especially since the economy has worsened, Reuters reports.

Tiscali confirmed the Sky talks in November but negotiations between the two had already broken down in December on valuation disagreements, multiple news reports had said at the time. Tiscali did sell its international ISP business TINet to Italian companies BS Private Equity SpA and BS Investimenti SGR for