Tiscali Norway flogged
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Posted in Telecoms, 24th August 2004 09:10 GMT
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Tiscali has flogged its Norwegian ISP, Tiscali AS, to Telenor Telecom Solutions AS, for €6m (£4m) as part of its onging plan to concentrate on its core European businesses. As of the end of July, Tiscali Norway had around 18,000 ADSL punters and 27,000 active dial-up users.
It's been a busy couple of days for the European ISP. In the last week Tiscali has agreed to flog its South African ISP for €40m (£27m) and also disposed its Austrian ISP business for €12m (£8m).
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. ®
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