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

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now