Italian internet service provider Tiscali is to become the UK's latest firm to offer 'triple play' services—broadband, telephone and TV—following the merger of its British operations with Video Networks
The company, which owns struggling video-on-demand service HomeChoice, has sold the business to Tiscali in return for an 11.5% stake in the Milan-based ISP—a share that may rise to 20% depending on success reaching profit targets.
Larson was among the investors who bailed out Video Networks when it was on the verge of going bust three years ago.
The merger will mean Tiscali will be able to offer 95 channels of television and video-on-demand services, which HomeChoice pioneered in the early 1990s.
The chief executive of Tiscali UK, Mary Turner, claimed her firm's 'triple play' offering will be launched before the end of the year, and it will be followed immediately by the roll-out of the same sort of service in Italy and then other countries.
Lovelace Consulting | 14.08.2006