Tiscali and Linkem’s retail business to merge on 1 August

26 Jul 2022

Italian telco Tiscali has announced the closure of its merger with the retail business of wireless ISP Linkem, which was first announced in December. The merger will take effect on 1 August, with Tiscali offering Linkem – sole shareholder in Linkem Retail – 104,025,497 of its ordinary shares worth EUR103.9 million (USD106.1 million).

A statement from Tiscali notes: ‘The “new” Tiscali is coming out of a very delicate phase and is now ready to offer the best connectivity solutions for families and for the business and public administration market, destined for a complete digital transformation based on fixed, mobile, 5G and cloud services.’

Italy, OpNet (formerly Linkem Group), Tiscali (incl. Linkem Retail)