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General

Tiscali FY revenues down 17% to EUR 173 mln, switches focus to 5G and FWA

Thursday 4 April 2019 | 10:29 CET | News
Italian operator Tiscali reported full-year 2018 revenues of EUR 172.8 million, down 16.8 percent year on year due above all to a 100,000-plus decline in customer numbers. The company's EBITDA came to EUR 20.5 million, down around 30 percent compared to the year-earlier figure of EUR 29.1 million but net profit increased to EUR 83.2 million thanks to a wholesale deal that saw the operator divest its Fixed Wireless Access (FWA) division plus 40 MHz of spectrum in the 3.5 GHz band to Fastweb for a total of EUR 198 million.

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Categories: General
Companies: Fastweb / Tiscali
Countries: Italy
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