Feeds

Tiscali France sale imminent

'Expected to be formalised shortly'

  • alert
  • submit to reddit

Business security measures using SSL

Tiscali's sale of its French operation is expected to be done and dusted shortly, the European ISP confirmed today.

Publishing its draft results for 2004 the company said: "The Board of Directors of Tiscali SpA has analysed the offers received for the acquisition of the French subsidiary, Liberty Surf, and has empowered the Executive Directors for its disposal which is expected to be formalised shortly."

Telecom Italia is favourite to snap up the business for anywhere between €250m to €300m as Tiscali looks to flog its French operation to pay-off a €250m loan due in July. The deal could be inked as early as this week.

Elsewhere, Tiscali reported that revenues for the year were up 20 per cent from €901m in 2003 to €1.08bn in the 12 months to the end of December 2004. Revenues from its internet access business (both dial-up and broadband) accounted for 68 per cent of turnover.

The ISP's pre-tax loss declined by 9 per cent to €269.1m from €295.6m.

At the end of December 2004, Tiscali had 7.4m internet punters including 5.7m dial-up users and 1.65 ADSL customers - 840,000 more broadband users than the year before. ®

Related stories

Tiscali France sale to be inked next week
Tiscali 'flogs French ISP'
Bids made for Tiscali France
Tiscali denies France sell-off reports

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.