Tiscali lowers losses

13 May 2008

The Italian internet service provider Tiscali has reported lower first-quarter net losses and improved revenues on the back of growth in its ADSL and voice telephony businesses in Italy and the UK. Net losses for the first three months of the year narrowed 12% to EUR37.5 million (USD58 million), while revenues were up 43% year-on-year at EUR276.4 million. Tiscali added more than half a million high speed internet customers in the twelve months to the end of March, lifting its total subscriber base to 2.5 million.

Italy, Tiscali