Source AP ©

Tiscali's net loss narrows

Tiscali SpA, Italian internet service provider, said its net loss narrowed, thanks to some disposals and more profitable businesses.

The net loss for the nine months through Sept. 30 narrowed to EUR8.8 million (US$12.9 million), compared with EUR67.2 million in the same period a year earlier, the company said in a statement. Revenue rose 26 percent to EUR614.3 million (US$897.4 million).

In July, Tiscali agreed to buy the broadband and voice divisions of the Britain's Pipex Communications Plc for 210 million pounds (EUR310 million, US$427 million).

Based in Cagliari, Sardinia, Tiscali said in a statement that it saw Pipex broadband and voice operations generating 300 million pounds (EUR442 million, US$609 million) in revenues in 2007. The deal raised the number of Tiscali's subscribers in the United Kingdom to 1.9 million.

In addition, Tiscali sold its operations in the Netherlands, Germany and the Czech Republic to focus on Britain and Italy.

Shares in the company gained 2.2 percent to EUR2.355 (US$3.44) in Milan.

Comments
Argentina hides the truth about the death of San Juan submarine
Moving inexorably towards war
Presidential and midterm elections in the USA change the 'American project' entirely
USA plays to pretend a mighty dragon that can no longer breathe fire
Presidential and midterm elections in the USA change the 'American project' entirely
Brexit: The UK's misunderstanding of Democracy
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Nagorno-Karabakh: 20,000 people killed, but no one is interested
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Russia rips its economy apart with help from the West
Brexit: The UK's misunderstanding of Democracy
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Argentina hides the truth about the death of San Juan submarine
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Russians lose faith in their future, get ready for worse
Theatrical posters depicting naked dancers banned in Russian provincial city
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy