Tiscali losses narrow; short list of bidders emerges

Italian telecom Tiscali said it lost $58.5 million in the first quarter, down 12 percent from $66.3 million a year ago, on sales that topped $431 million, up 43 percent from $301 million. Tiscali said strong voice revenue and solid growth in its ADSL sector--it added roughly 500,000 ADSL users on the year--spurred the growth.
 
Bu the story of the day may have been the emergence of a short-list of bidders for the telecom, one that didn't include Carphone Warehouse. Telecom giants BskyB and Vodaphone are thought to be among the half dozen companies who will get a chance to examine Tiscali's books.
 
A Carphone/Tiscali marriage would have made Carphone Warehouse the largest broadband provider in the U.K., surpassing BT and Virgin Media.
 
For more:
- See the Times story on who's in … and out ... of the bidding
- Read the Forbes story on Tiscali's tough quarter

Related articles:
Mobile operators line up for Tiscali bids   
Telecom Italia considering Tiscali buy?

Suggested Articles

Windstream Enterprises has upgraded its WE Connect Management Portal to give users more visibility across their SD-WAN networks.

As further validation to split IBM up, Big Blue's cloud division posted double-digit revenue in the third quarter.

Cisco announced a new routing portfolio with its Catalyst 8000 Edge family of products that were designed for multi-cloud, SD-WAN and SASE use cases.