Feeds

Tiscali OKs H1 numbers

That's it

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Tiscali execs have have rubber-stamped the ISP's results for the first half of the year (H1). The figures - broadly in line with the numbers released for Q2 results - show that H1 revenues rose 25 per cent to €538m (£365m) compared to a year ago.

Despite this improvement, Tiscali only managed to shave a couple of million off its pre-tax loss - down from €141.6m (£96m) to €134.3m (£91m) for the first six months of the year.

Still, Tiscali's had a busy time since then. It's flogged five of its under-performing country operations (Austria, South Africa, Norway, Sweden and most recently Switzerland) for more than €80m (£54m). And the company has also appointed banker Vittorio Serafino as executive chairman of Tiscal,i following the resignation of Renato Soru to pursue a political career in his native Sardinia.

Tiscali is looking to generate €1.2bn (£820m) in revenue for 2004 and see the number of broadband subscribers swell to 1.7m. ®

Related stories

Tiscali chops off Swiss arm
Lycos Europe buys Tiscali Sweden
Tiscali Norway flogged
Tiscali flogs South African ISP
Tiscali to squeeze overheads as losses swell

Intelligent flash storage arrays

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.