Italian Internet provider Tiscali announced it may well its UK sector to UK broadcasting firm BSkyB for £450 million, BBC News reported Monday.

The announcement regarding the sales of “certain UK assets” make Tiscali's shares surge by 28 percent to €0.872.

According to BBC News, Tiscali is the fourth largest in the UK, with 1.8 million broadband subscribers. The Italian network provider put itself up for sale after a “strategic review” of the company earlier this year.