Tiscali, one of Europe's biggest suppliers of broadband looks to be on very shaky ground after suffering a string of financial setbacks.
Up to one million customers face the real possibility of waking up one day to no broadband at all.With the current economic climate having an effect on all business's, Large or small, Tiscali finds itself on unsure ground. Tiscali has recently suffered a succession of financial issues and has now been forced to ask the banks to postpone the payment of any interest charges on it's loans,
In the earlier part of this month Tiscali was thrown a lifeline with the news that Carphone Warehouse had renewed its interest in acquiring the company, but top business analysts believe that the offer is unlikely to come to fruition and suggest that Tiscali's UK business could be taken in administration.
If the company does collapse then the one million UK customers could be left without a broadband connection at home. And in a recession Tiscali's business customers could also face more hardship if they lose their connection as well.
Jessica McArdle, marketing manager at Top 10 Broadband, a broadband comparison website, says, “People are right to worry about the fortunes of their ISPs in the current climate. We urge concerned consumers to switch to broadband providers who can offer stability”.
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