Italian operator Tiscali said its total customer base fell to 648,300 at the end of June, down from 672,700 on 31 December due above all to losses in its mobile and non-fibre segments. In a statement setting out its H1 2021 results, the company said mobile customers declined 2 percent year on year to around 248,000 on 30 June, while fixed line clients fell from 382,000 to 364,000.
However, Tiscali’s fibre segment continued to perform strongly, with customers surging from 199,000 to around 250,000 at the end of June thanks mainly to an increase in its nationwide FTTH footprint from 886 to 1,100 localities. The company has deals in place to access the Fastweb and Open Fiber networks and announced plans to sign a new co-investment contract with Telecom Italia (TIM) covering the latter’s FiberCop venture.
Tiscali’s first-half revenues were essentially flat at EUR 72.9 million compared to EUR 72.5 million in H1 2020, with the company’s EBITDA rising 63.6 percent to EUR 11.9 million. The Sardinia-based company posted a net loss of EUR 8.6 million in the January to June period, an improvement on the year-earlier loss of EUR 12.1 million, and it also reached a deal with Intesa San Paolo and Banco BPM to reschedule debt payments until March 2026.
Last month Tiscali published a new 2021-2024 strategic plan targeting a 40 percent rise in annual to more than EUR 200 million over the next 3 years, a 100 percent increase in EBITDA by 2024 as well as positive net profit as early as 2023.
