Thursday, May 19, 2022

Italy’s Tiscali accelerates fire sale

Financially troubled Tiscali SpA, one of Europe’s largest Internet service providers (ISPs), agreed on Monday to sell its Swedish subsidiary to Spray Network AB, a subsidiary of Lycos Europe NV, after reaching deals to dispose its Austrian, Norwegian and South African units earlier this month.

Tiscali’s fire sale of assets is proceeding faster than expected as the Milan service provider scrambles to raise capital to repay a

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