& cplSiteName &

Tiscali Seeks Buyer

Ray Le Maistre

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

(1)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
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!!!
More Blogs from EuroBlog
Having taken a breather from its acquisition spree in the US, Zayo could kick-start some infrastructure consolidation action in Europe
Some good news for its Finnish parent – Nokia Siemens Networks is on a margin roll
Telefónica to boost its broadband lines in LatAm with DSL management the from ASSIA
According to the value of Nokia's takeover deal, Nokia Siemens Networks is worth less than $5B
As APAC and North America forge ahead, Europe seems stuck in yesteryear
Featured Video
Upcoming Live Events
October 22, 2019, Los Angeles, CA
November 5, 2019, London, England
November 7, 2019, London, UK
November 14, 2019, Maritim Hotel, Berlin
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events
Partner Perspectives - content from our sponsors
Sports Venues: Where 5G Brings a Truly Immersive Experience
By Peter Linder, 5G Evangelist, North America, Ericsson
Multiband Microwave Provides High Capacity & High Reliability for 5G Transport
By Don Frey, Principal Analyst, Transport & Routing, Ovum
All Partner Perspectives