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General

Tiscali posts EUR 16.5 mln net loss in 2019, approves 3-year turnaround plan

Tuesday 28 April 2020 | 09:36 CET | News
Italian operator Tiscali reported revenues of revenues of EUR 142.6 million in 2019 as a whole, down EUR 22.6 million compared to 2018. However, the company's EBITDA was up around 25 percent year on year to EUR 25.6 million, with net debt falling to around EUR 150 million. Tiscali posted a net loss of EUR 16.5 million for the full year compared to a net profit of EUR 83.2 million a year earlier due to the sale of its Fixed Wireless Access (FWA) branch and spectrum in the 3.5 GHz band to Fastweb.

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Categories: General
Companies: Tiscali
Countries: Italy
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