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

Open source SD-WAN vendor flexiWAN achieved further validation from Telefónica via the telco's investment arm, Wayra Germany.

Juniper Networks has boosted its threat detection capabilities across its Mist platform for wireless users and ATP Cloud and SRX Series firewalls.

In order to help mobile and fixed service providers streamline their complex operations, Infovista announced a new digital twin platform.