Mutual assured destruction: another step

Tiscali has confirmed one of the worst-kept secrets in Italy: negotiations to sell-out to Telecom Italia in France. The company has never broken out specific broadband numbers by country, but their user breakdown from Q4 suggests something like 400k users in France, which is big enough for FT, Cegetel, Iliad and Neuf to worry about, particularly once they're in the hands of a properly financed and aggressive player like TI. Just another log on the deflationary funeral pyre. Over to you now, DT...