An update on Internet Provider Tiscali’s struggles. In March, dealing of shares in Tiscali on the Italian stock market was been suspended, and the company reportedly has debts totaling around £450 million. Many were predicting the imminent demise of the provider.
Tiscali’s been in talks with Sky to sell off their Broadband business, but those talks collapsed earlier in March. The Carphone Warehouse was also eying Tiscali with a view to extending their TalkTalk service. This week, TalkTalk’s cheekily been offering a £50 “switch away from Tiscali” discount.
Tiscali’s recently published statements that it’s “business as usual” and that their lending banks are continuing to support Tiscali. They’ve assured customers that there will be no loss-of-service. However last week, the firm’s auditors expressed “fundamental uncertainties” about Tiscali’s future.
A case of “watch this space”…
More on UK Internet Providers on our ISP page: https://www.filesaveas.com/broadband.html
