Feeds

Tiscali flogs South African ISP

Concentrating on Europe

  • alert
  • submit to reddit

Gartner critical capabilities for enterprise endpoint backup

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

5 things you didn’t know about cloud backup

More from The Register

next story
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Speak your brains on SIGNAL-FREE mobile comms
Readers chat to the pair who flog the tech
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
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.
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.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?