The Register® — Biting the hand that feeds IT

Tiscali confirms sale of French opo - finally

Telecom Italia snaps up Liberty Surf

Tune into our application security webcast, click here

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'

See what The Register's experts have to say on application security

Don’t Miss

Win a Samsung C6625!

Reg Lucky Draw Windows Mobile handsets up for grabs

Palm_Pre_001_SMIs your cameraphone an oxymoron?

Pic Review iPhone 3G v iPhone 3GS v Palm Pre

Reg black vulture logoReg Mobile and Wireless newsletter is go! go! go!

Site news Email-tasm

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes