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Carphone Warehouse linked to Tiscali buy-up (again)

Tiscali shares were given a boost today on the Italian stock exchange by reports that it is once again close to a deal to offload its UK operation to Carphone Warehouse.

Tiscali has been trying to sell its almost 1.8m subscribers for over a year, and Carphone Warehouse has been named as a suitor throughout. Italian papers said today its interest was renewed.

A deal would see Carphone Warehouse leapfrog Virgin Media to become the country's second largest broadband provider behind BT.

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