FastWeb cool on Tiscali buy

8 Jul 2008

The Italian ISP FastWeb has distanced itself from reports linking it as a possible buyer of rival internet provider Tiscali. Local newspaper Il Sole 24 Ore quotes FastWeb CEO Stefano Parisi, who did add, however, that future acquisitions have not been ruled out. Meanwhile, FastWeb has revealed that it is expecting to see revenues grow by around 14% in 2008 to EUR1.64 billion (USD2.57 billion), while EBITDA is forecast to rise 30% to EUR530 million, Dow Jones reports.

Italy, Fastweb, Tiscali