Vodafone - Strategic Move to buy Tiscali

UK based Vodafone, a mobile carrier, may acquire the Italian broadband service provider Tiscali. Tiscali has been on the market for a while - peddling their Italian and UK IPTV operations. Previously they have had heavy interest from Italian service provider FastWeb. However, FastWeb got a curve ball when their owner, Swisscom, passed on the UK portion of the deal focusing on Tiscali's home market and IPTV operations based in Italy. The thing here is that even though Vodafone's interest in Tiscali's U.K. group is the lead motviation - they will also gain great strides acquiring the Iltaian operations as well. Vodafone already owns Tele2 operations in Italy - so combionging the Tiscali amrket with them would make them a highly competitive broadband powerhouse in the UK and Italy.