Tiscali UK nears 1m broadband punters
Nearly time to crack the Asti
Tiscali has cornered one in ten of all broadband lines in the UK, the Italy-based ISP revealed today. Publishing results for 2005, Tiscali revealed that at the end of last year it had 935,000 DSL lines in the UK - more than the combined number of broadband lines in Italy, Holland and Germany.
As a result, revenues in the UK were also streets ahead of Tiscali's other operations with Tiscali UK generating revenues of €325m in 2005 - up 28 per cent on 2004.
The ISP said this improvement is down to the launch of its 1Mb and 2Mb products, as well as its bundled voice and date services. But the ISP is also looking to speed up its investment in local loop unbundling (LLU) during 2006 after kicking off LLU trials last year.
Last May, Tiscali UK began migrating broadband punters in London onto its new unbundled platform as part of a trial to install its kit in some 27 exchanges in London. The ISP had earlier announced plans to invest €90m into unbundled broadband services in the UK over a three year period.
Overall, full year consolidated revenues for the Tiscali Group stood at €740m - up 13 per cent on the year before - while EBITDA (earnings before interest etc) grew by 51 per cent over the same period to €117m.
"Such improvement was mainly driven by ADSL revenues growth, in particular due to the growth in ADSL users in the UK, confirming the trend of previous quarters," the ISP said in a statement. ®