Feeds

Broadband buoys Tiscali

Revs up

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Tiscali has upped its revenues on the back of increased take-up of broadband, the pan-European ISP reported today.

Publishing Q1 results today Tiscali generated revenues of €212.5m - an increase of almost ten per cent compared to the same period last year.

EBITDA (earnings before interest etc) skipped in at €15.6m, an increase of 18 per cent compared to the previous quarter and a massive jump compared to a year ago when the ISP only made EBITDA of €1m.

The main oomph behind the figures was the uptake of broadband by Tiscali's punters. The number of ADSL users rose fourfold over the last year to 360,000 at the end of March.

At the end of April that figure had increased to around 400,000 and is continuing to grow by around 11,000 a week.

Buoyed by its Q1 performance Tiscali reckons its full-year performance could be better than first thought with revenues growing by around 20 per cent.

In a statement the company said: "This was the group's fourth consecutive quarter of organic revenue growth, and the second quarter running of positive EBITDA, marking a considerable improvement in profitability.

"These results are particularly significant considering the difficult conditions affecting the economy and the Internet services market, where broadband market regulations, despite some improvements, continue to hamper alternative operators," it said.

That barbed comment at the end refers, in part at least, to the row over wholesale broadband pricing in the UK, which prompted Tiscali UK to complain to the telecoms regulator.

Tiscali's complaint, along with others in the industry, helped force BT to review its pricing while Oftel continues to investigate complaints of anti-competitive behaviour. ®

Related Stories

'Monopolistic' BT kicked where it hurts
BT backtracks on broadband pricing cuts
MP critical of 'unfair competition' from BT
Two more telcos run to Oftel over BT BB 'margin squeeze'
Oftel could block BT's ADSL price cut
Thus complains to Oftel over BT ADSL 'margin squeeze'
Tiscali blasts BT's 'anti-competitive' ADSL price cuts

Choosing a cloud hosting partner with confidence

More from The Register

next story
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
prev story

Whitepapers

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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.