Kitz Forum
Broadband Related => ISPs => Topic started by: tuftedduck on February 29, 2008, 11:09:30 AM
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Courtesy of http://www.thinkbroadband.com/news/3433-tiscali-boss-gets-boot.html
Tiscali SpA has replaced Chief Executive Tommaso Pompei with board member Mario Rosso and indicated that the for sale signs may indeed be going out. Pompei will stay on as Director until the approval of the 2007 financial results.
Although no official word has come from Tiscali, reports at Reuters indicate that Italy's Fastweb, Vodafone and BT Group have all approached Tiscali as potential buyers. Whether they would acquire the entire business, or if it will be split up is unsure. Some bidder may, for example, only be interested in the UK arm of the business. Tiscali also released preliminary revenue figures showing a 34% increase to 910 million euros (£695 million). The speculation and denial in recent weeks of Tiscali looking to sell has been confusing, and perhaps when their latest results are out, we might hear definitive plans of what is happening with Tiscali.
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tiscali have no understanding of the hurt and heartache they have inflicted on their victims.
tiscali should be made to pay compensation to any firm taking on the customers left with unreliable connections after tiscalis asset stripping exercise.
tiscali should NOT be allowed to profit from their cheating and lies
Ooh... fighting talk :)
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Um..... is this supposed to be new news?
Im sure that Tiscali were about to put themselves up on the market for a buyout last year.
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Edit no Im not dreaming - as mentioned on my "who Ownz Joo" page from and a link on there
Tiscali, the giant Italian internet company, has put its UK division up for sale with a price tag of up to £600m.
The company, which has 1.4 million broadband and 50,000 pay-TV customers in Britain, sent a memorandum of sale to potential buyers last week. BSkyB, Orange, Carphone Warehouse, NTL and BT are all likely to be interested in the business, as they try to consolidate their positions in a viciously competitive market.
The date of the article - Sunday, 17 December 2006 - Tiscali sparks bid battle with £600m UK sale (http://www.independent.co.uk/news/business/news/tiscali-sparks-bid-battle-with-163600m-uk-sale-428751.html)
What is interesting to note - is that in 2006 the reported profit was £30m - and now they are saying £695 million for the past 12 months
If Ive read it right - then thats one hell of an increase in profits.
Yep they may now have more customers... but for that amount of increase then that does smell of increasing profits ready for buyout at the expense of customer service and cutting back on bandwidth.
They certainly wont be the first ISP thats done this ;)...
But in view of the comments coming from customers on the likes of Nilly, Pipex etc who at least had a pretty decent connection at one time and therefore notice when things aint right..... well.... I dont think I need to say more :(
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£600 for an isp :hmm: I'll check my pockets :lol:
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:lol:
You conveniently overlooked the additional 0's. Is that wishful thinking - or the "laymans" valuation of Tiscali :D
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hehehe - I wouldn't pay 600p for Tiscali :P
Although, outgoings wise... I wouldn't imagine Tiscali really have that much in the way of Central Pipe costs :-X