Tiscali loses 37,000 customers

The internet service provider, Tiscali, has been finding the last few months difficult.

If it wasn’t bad enough that plans to sell the European group do not seem to have gone to plan, in the process the company has lost 37,000 UK customers in the last quarter, taking them down to just over 1.8 million.

The company has had to cut back its predicted profits before costs from £180 million to around £140 million.

This has a knock on effect for the financial year and in the longer term could possibly even have a deeper effect on the possible sale of the business.

These problems for Tiscali could actually see Sky overtake the company into being the fourth largest ISP in the UK as soon as next quarter, another factor for a potential buyer to consider.

At the moment, there is only one realistic bidder for Tiscali and that is the fellow Italian based ISP FastWeb.

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