Tiscali Seeks Buyer

8:00 AM -- As expected, European operator Tiscali SpA has jettisoned its CEO, Tommaso Pompei, and named a replacement, Mario Rosso, whose main task, it seems, is to sell the company. (See Tiscali in Turmoil? and Tiscali Appoints CEO.)

The operator, which has DSL subscribers in Italy and the U.K. (547,000 and 1.73 million respectively), notes in the press release announcing its new CEO that it will "evaluate every strategic alternative to generate further value for shareholders, in relation with the ongoing consolidation process in the telecommunication arena in Europe."

That's fancy lingo for "come and get us!"

As we mentioned earlier this week, a number of companies have been identified as potential bidders, including BT Group plc (NYSE: BT; London: BTA), Fastweb SpA (Milan: FWB), Sky , and Vodafone Group plc (NYSE: VOD).

Tiscali's share price stands at €1.91 on the Milan exchange, giving it a market capitalization of €810.6 million ($1.23 billion).

The operator's 2007 preliminary financials put full-year revenues up 34 percent at €910 million ($1.4 billion), while EBITDA grew 60 percent to €160 million ($243 million).

— Ray Le Maistre, International News Editor, Light Reading

douaibei 12/5/2012 | 3:45:02 PM
re: Tiscali Seeks Buyer Tiscali has been struggling in the market for very long time, before the VNL acquisition they supposed to be bought by some one from the main land, unfortunately it didnt happen. and since the second half of 2007, Tiscali didnt win too much new customer, while it's competitor are gaining more market share, the life for tiscali will be more difficult as it only provide the consummer business, the rest of player did provide more bundled service which can hook the retention rate and attract more customers.,

I will be good if O2 can buy Tiscali, as tiscali still have a good network(low cost enough) and there is not too much legacy staff to deter potential buyer.

Good luck!!!
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