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General

Tiscali names new chairman, approves EUR 18.5 mln bond

Monday 25 July 2016 | 10:09 CET | News
Italian operator Tiscali has announced the appointment of Alexander Okun as chairman of its board of directors following the resignation of its founder Renato Soru in May. Okun had been appointed vice chairman of Tiscali in February alongside new CEO Riccardo Ruggiero after the company completed its merger with WiMax provider Aria Italia. The operator's board also approved terms of issuance of an unsecured convertible bond for a maximum of EUR 18.5 million with a view to refinancing Tiscali's debt to Rigensis Bank due to expire at the end of March 2018.

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Categories: General
Companies: Aria / Tiscali
Countries: Italy
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