A branch of the Carphone Warehouse is pictured in central London, on May 8, 2009. Italian telecommunications group Tiscali, which agreed on Friday to sell its British assets to Carphone Warehouse, said it would also raise new capital to reduce debt. A statement said that Tiscali, which is in financial difficulties, would sell its British interests to Carphone Warehouse in Britain for 236 million pounds (265 million euros, 355 million dollars). The money would be used to reduce debt of about 600 million euros. Getty Images logo Getty Images 6 months ago

A branch of the Carphone Warehouse is pictured in central London, on May 8, 2009. Italian telecommunications group Tiscali, which agreed on Friday to sell its British assets to Carphone Warehouse, said it would also raise new capital to reduce debt. A statement said that Tiscali, which is in financial difficulties, would sell its British interests to Carphone Warehouse in Britain for 236 million pounds (265 million euros, 355 million dollars). The money would be used to reduce debt of about 600 million euros.

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