Feeds

Tiscali to break-even in Q4

Revenues up, losses down etc

  • alert
  • submit to reddit

Remote control for virtualized desktops

Italian Internet giant Tiscali is on track to break-even in the next quarter, the company reported today.

This will be some feat if it succeeds, in light of the major restructuring that has taken place at the company over the last year or so.

Barely a month goes by when the Italian group doesn't snap up some European ISP or other before integrating it into its ever-expanding Internet empire.

The pace of Tiscali's growth has been breathtaking at times, not least for the resulting job losses that are a result of many of its acquisitions.

Earlier this year around 300 jobs were lost in the UK alone following the integration of World Online, LibertySurf and LineOne.

However, the company claims that the integration of different companies into a single company under the same Tiscali brand, and adopting the same technologies throughout Europe, is "progressing rapidly".

And it reports that the integration of Web sites into a single Tiscali portal for all of Europe has been completed.

The company reported that Q3 revenues were up 260 per cent at E190.1 million (£116.46 million) compared to the same period last year and 15 per cent higher than in Q2.

A significant slice of this revenue - E121.7 million (£74.56 million) - came from access charges.

EBITDA (earnings before interest etc) losses fell 29 per cent on the previous quarter to 44.8 million (£27.44 million).

Importantly, though, Tiscali says it is "on target to reach EBITDA break-even in 4Q01".

The company claims that the combination of price increases, the migration of Internet traffic to its own IP network and the re-negotiation of existing contracts, have all helped it to within sight of achieving break-even operating EBITDA in the final quarter of this year.

As of the end of September the European ISP had 7.56 million active users accounting for 130 million minutes of daily Internet traffic in September 2001. ®

Related Story

Tiscali UK confirms cull
Tiscali narrows losses, ups revenues

Intelligent flash storage arrays

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.