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General

Tiscali interrupts talks on EUR 15.6 mln bond issue

Wednesday 24 October 2018 | 08:56 CET | News
Italian operator Tiscali announced that discussions with two shareholders over the issue of a EUR 15.6 million bond have been interrupted. In a statement the company said it had been in negotiations with its main Russian shareholders ICT and Sova Disciplined Equity Fund about the subscription of the convertible debenture loan. However, in view of the development, the Sardinia-based operator is now assessing "alternative funding assumptions" with the same shareholders.

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Categories: General
Companies: Tiscali
Countries: Italy
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