Sharp drop in sales in 2019 for Tiscali

28 Apr 2020

Italian telco and ISP Tiscali has reported sales of EUR142.6 million (USD155 million) for full-year 2019, down 13.7% year-on-year. The drop was largely due to a decline in revenues from fixed broadband services (down 14.1% to EUR101.7 million) which was attributed to falling ARPUs in a strongly competitive market. In addition there was a decline at the Fixed-Wireless Broadband segment, with sales down by 14.6% to EUR11.1 million. While EBITDA jumped 24.9% to EUR25.6 million, there was a net loss for the year of EUR16.5 million, down from a profit of EUR83.2 million, with the 2018 figure having been boosted by proceeds from the sale of 3.5GHz licences to Fastweb.

Sardinia-based Tiscali claimed 668,200 active customers at the end of 2019, up from 640,100 twelve months before, including 381,700 fixed broadband users (down from 382,800), 41,800 fixed-wireless subscribers (down from 58,800) and 244,700 MVNO customers (up from 198,500).

Italy, Tiscali