Feeds

Tiscali confirms sell-off is on the table

Down Pompei

Business security measures using SSL

Tiscali has ditched its CEO and is mulling options to sell off its broadband business, including its two-million-strong UK subscriber base.

As expected, Tomasso Pompei has been replaced in the chief executive's chair by board member Mario Rosso. According to Italian reports, Rosso is seen as an ally of Tiscali's founder and biggest shareholder Renato Soru.

Pompei had been aiming to turn the firm's first ever profit this year, making it a ripe time to cash in, as bigger European rivals with deeper pockets drive the price of broadband ever lower.

Tiscali now plans to "explore options to create value for shareholders connected with the process of consolidation taking place in the European telecommunications sector," a company statement said. How's that for euphemistic?

Read: "you're now officially on the block, Tiscali (and Pipex) broadband subscribers.".

Vodafone and Sky have already been linked with interest in the UK base, but take that with a pinch of salt for now. ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
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
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
ISPs' post-net-neutrality world is built on 'bribes' says Tim Berners-Lee
Father of the worldwide web is extremely peeved over pay-per-packet-type plans
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
prev story

Whitepapers

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.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.