Feeds

Tiscali to flog four country ops

Ciao

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Tiscali today confirmed it is to sell of four of its country operations in a bid to concentrate on its core businesses.

The pan-European ISP intends to complete the sale of assets in Switzerland, South Africa, Norway and Sweden by the end of the year. Confirmation of Tiscali's plans, first mooted in February, to make its operation leaner came as the ISP notched up a record growth in broadband punters.

It signed up 400,000 new subscribers in the first three months of the year, taking the number of ADSL customers at the end of March to 1.24m. Add on the 80,000 or so new sign-ups in April and Tiscali claims to have some 1.32m broadband punters. It also has 6.8m active dial-up users. This "sharp rise" in broadband accounts has fed through to organic revenue growth at the ISP, the company says.

Revenues jumped 26 per cent from Q1 03 to €267m (£180m) this year, while Group loss fell 39 per cent from € 85.3m (£57m) to €52.1m (£35m).

Tiscali forecasts revenues for the year should grow 30 per cent to more than €1.2bn (£674m) with the number of broadband punters rising to 1.6m. ®

Related stories

Tiscali mulls sale of some country ops
Tiscali names new chief exec
Tiscali is UK's 'fastest-growing' broadband ISP

Remote control for virtualized desktops

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
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?
Reducing the cost and complexity of web vulnerability management
How using vulnerability assessments to identify exploitable weaknesses and take corrective action can reduce the risk of hackers finding your site and attacking it.
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.