Feeds

Tiscali mulls sale of some country ops

Norway, South Africa, Sweden, Switzerland named

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Tiscali is mulling the idea of selling its operations in a number of countries.

Publishing its results yesterday, the Italian-based ISP which grew by gobbling up other ISPs said it planned to focus on a number of core countries.

Said the company in a statement: "According to Tiscali’s strategic plan, the Group will focus its financial and managerial resources in five key areas, which account for 80 per cent of revenues and 90 per cent of the broadband user base. These are the UK, France, Italy, Benelux and Germany.

"The Group will consider various strategic options for the other countries in which it operates, including possible divestitures from non-core areas to free resources to invest in the key countries."

This means that Tiscali plans to flog four out of 14 country operations, the International Herald Tribune reports.

Norway, South Africa, Sweden and Switzerland are named as countries that Tiscali might consider selling, raising anywhere between €50m and €100m.

A spokeswoman for Tiscali told The Register that Tiscali was considering to exit some "non-strategic countries" in the future in order to "free some resources" for the rest of the company. ®

Related Story

Broadband helps Tiscali narrow loss

The essential guide to IT transformation

More from The Register

next story
Déjà vu: Virgin Media jacks up broadband prices
Screw copper phone lines, we're UNIQUE, bleats telco
UK fuzz want PINCODES on ALL mobile phones
Met Police calls for mandatory passwords on all new mobes
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Fifteen zero days found in hacker router comp romp
Four routers rooted in SOHOpelessly Broken challenge
New Sprint CEO says he will lower axe on staff – but prices come first
'Very disruptive' new rates to be revealed next week
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
UK mobile coverage is BETTER than EVER, networks tell Ofcom
Regulator swallows this line and parrots it back out at us. What are they playing at?
What's the nature of your emergency, Vodafone?
Oh, you've dialled the wrong number for ad fibs, rules ASA
EE network whacked by 'PDP authentication failure' blunder
Carrier is 'aware' of cockup, working on a fix NOW
ROAD TRIP! An FCC road trip – Leahy demands net neutrality debate across US
You crashed watchdog's site, now time to crash its ears
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.