The Register® — Biting the hand that feeds IT

Tiscali chops off Swiss arm

Subsidiary offload continues

Free whitepaper – The business value of SIP VoIP and trunking

ISP Tiscali is selling its Swiss subsidiary to Smart Telecom SA, a Swiss internet service provider. The deal should close within seven days and Smart Telecom is paying €5.3m for the company.

The sale is part of Tiscali's stated intention to get out of "non-core" markets. The ISP has already disposed of businesses in Austria, South Africa, Norway and Sweden.

Tiscali shares have fallen more than 50 per cent in the last six months.

The full press release is available for download here. ®

Related stories

Lycos Europe buys Tiscali Sweden
Tiscali Norway flogged
Tiscali flogs South African ISP

Free whitepaper – Enhancing retail operations with unified communications

Sign up, sign up for The Register's weekly mobile & wireless newsletter - click here

Don’t Miss