Tiscali Business Out for the Count in UK and Beyond?

So, having failed to sell it’s UK broadband business, Tiscali now appears to be in big trouble. Ernst & Young raises questions about future of Tiscali and refused to sign off the companies annual results (See Tiscali piece in the FT) and they still haven’t found a buyer after talks with British Sky Broadcasting fell through. The UK (and included broadband business) account for around 70% of the company’s business. From a 134 million Euro cash pile at the start of last year, the company is now down to 37 million Euros and over 600 million Euros of debt at the end of last year. The failure to have the accounts signed off throws a dark shadow over the future of the business (more, via subscription in the FT).