Feeds

Tiscali confirms sale of French opo - finally

Telecom Italia snaps up Liberty Surf

  • alert
  • submit to reddit

Intelligent flash storage arrays

Tiscali has sold its French ISP business - Liberty Surf - to Telecom Italia, both companies have confirmed.

Telecom Italia is to shell out around €266m for Tiscali's 95 per cent stake in the business. Once the deal is complete, Telecom Italia will launch a public offer for the remaining 5 per cent of Liberty Surf's share capital, as required by law.

Liberty Surf in France has around 344,000 broadband punters and some 700,000 dial-up users. Last year it generated revenues of around €225m.

Tiscali is expected to use the proceeds from the sale of Liberty Surf to help pay off a €250m loan due in the summer. ®

Related stories

Tiscali France sale imminent
Tiscali France sale to be inked next week
Tiscali 'flogs French ISP'

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.