Feeds

Tiscali flogs South African ISP

Concentrating on Europe

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Tiscali has agreed to flog its South African ISP as part of its strategic plan to downsize its overal operation and focus on its core European businesses.

South African ISP, MWEB, has agreed to buy Tiscali's ISP for €40m (£27m) although the all-cash deal still needs the thumbs-up from the South African competition authority.

The deal - announced on Friday - does not include the sale of Tiscali's South African cellular business, which is to be sold off seperately before the end of the year for around €5m (£3.4m).

Last week, Tiscali flogged its Austrian ISP business for €12m (£8m)in cash to Nextra Telecom GmbH.

In May, the ISP confirmed plans to sell off four of its country operations - Switzerland, South Africa, Norway and Sweden - in a bid to concentrate on its core businesses. Two weeks ago, Tiscali's board of directors gave the green light for the disposal of these "non-core assets" for a total value of around €250m (£169m).

The ISP reckons this will help reduce operating costs by 15 per cent over the next year. ®

Related stories

Tiscali to flog four country ops
Tiscali is UK's 'fastest-growing' broadband ISP
Tiscali mulls sale of some country ops

Choosing a cloud hosting partner with confidence

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
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.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.