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August 14, 2006 3:00 am

Tiscali takes over Video Networks

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Tiscali, the Italian internet service provider, has taken over Video Networks, a UK company that provides television over broadband. Under the terms announced over the weekend, owners of Video Networks will acquire a 11.5 per cent stake in the UK arm of Tiscali, which could rise to 20 per cent dependent on future trading of the enlarged group.

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