Feeds

Tiscali breakeven in Q1

So?

  • alert
  • submit to reddit

Top three mobile application threats

Tiscali reckons it's taken yet another step towards its master plan to become a major force among ISPs in Europe.

Yesterday it reported that it reached breakeven in the first quarter of the year with EBITDA (earnings before interest etc) topping E1 million.

Total revenues in the quarter were E195.2 million - up 78 per cent compared to Q1 last year.

Internet access revenues - which account for 70 per cent of total sales - grew by a massive 93 per cent, from E71.2 million in Q1 2001 to E137.6 million in the first three months of 2002.

This was down to, in part, a growth in users and traffic plus the acquisition of 85,000 broadband subscribers throughout Europe.

Portal revenues were just a smidgen under E20 million with just under half coming from advertising.

In a statement the company said: "This important target [reaching EBITDA breakeven] was reached thanks to sustained turnover growth and the decisive action taken by the management last year in the form of an incisive cost-cutting strategy and structural and organisational rationalisation."

For the UK, that "decisive action" was the culling of around 300 jobs following the merger of LineOne, LibertySurf and WorldOnline.

Tiscali has also spent a fortune rebranding under the single name as part of its drive for market share.

However, according to the latest stats from Oftel Tiscali only has 2 per cent market share in the UK - way, way, way behind the likes of Freeserve, BTopenworld and AOL UK. ®

Related Stories

Half of UK homes has Net access
Tiscali sales, losses balloon
Tiscali UK confirms cull

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
HP and Microsoft prove it again: Big Business Doesn't Create Jobs
SMEs get lip service - what they need is dinner at the Club
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.