Tiscali flogs Italian Sat business
PrintDigiweb in acquisitive mood
Posted in Financial News, 20th June 2005 13:57 GMT
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Irish telecoms outfit Digiweb has snapped up Tiscali's Italian satellite broadband business. Financial details were not disclosed.
Digiweb already operates its two-way satellite broadband service in Germany, France, the UK and Austria, and the acquisition of Tiscali's Italian sat business extends its European footprint.
It looks like Digiweb is keen to buy other operators. It is currently evaluating similar acquisitions in Europe and Ireland including wireless/satellite operators and software firms.
"This is the first of our aggressive expansions throughout Europe and indeed globally," said Digiweb's Ops manager Declan Campbell.
Although the company has plans to expand in Europe, it plans to create more jobs in Ireland to help support the business. ®
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