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Soru's end-game

8 May 2009 By Una Galani

The British broadband operator has agreed to buy most of its Italian rival for £255m in a firesale, a year after Tiscali was put on the block. Founder Renato Soru gets nothing and Tiscali s lenders are left to fight over the remains. Carphone s patience has won it a bargain.

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