Tiscali reports further losses

Italian broadband services provider Tiscali reported its net loss in the three months to 30 September was EUR40.9 million (USD51.63 million) from a net loss of EUR30.6 million for the same period twelve months previously. Earnings before interest, tax, depreciation and amortisation (EBITDA), was EUR50.6 million, up 22% on revenues up 12% to EUR248 million year-on-year. Net debt dropped to EUR556.75 million by the end of the quarter.