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General

Tiscali sales up 2.5%, net loss widens to EUR 45 mln in 2016

Wednesday 3 May 2017 | 10:13 CET | News
Italian operator Tiscali reported full-year revenues of EUR 207.2 million in 2016, up 2.5 percent compared to the year-earlier result of 202.1 million. However, the company's net loss widened to EUR 45.0 million from a EUR 18.5 million loss in 2015 due in part to the acquisition of assets following the merger with Italian WiMax provider Aria. Tiscali said it now intended to focus on its core fixed and mobile broadband business after concluding the sale of its business unit to Fastweb and the outsourcing of IT activities to Engineering.

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Categories: General
Companies: Aria / Fastweb / Tiscali
Countries: Italy
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