Lycos Europe buys Tiscali Sweden
Disposal of unwanted nations
Posted in Broadband, 31st August 2004 12:10 GMT
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Spray Network AB - a subsidiary of Lycos Europe - has become the latest outfit to buy one of Tiscali's unwanted ISPs.
Spray has agreed to cough up €13m (£8.8m) for Tiscali Sweden, which has some 22,000 broadband users and 110,000 dial-up customers. The deal needs the thumbs-up from the Swedish Competition Authority.
The disposal of Tiscali Sweden is part of Tiscali's strategic plan to concentrate on its core countries. So far, Tiscali has found buyers for its ISP operations in Austria, Norway and South Africa. ®
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