Tiscali’s Board of Directors approves the 2007-2010 business plan

Cagliari, 11th October 2006 - The Board of Directors of Tiscali S.p.A has approved the new three-year plan 2007- 2010.

• Concentration of the core business in Italy and in the United Kingdom, where the Group’s overall customer base currently exceeds 3 million users, of which approximately 50% ADSL subscribers;
• New positioning, from Isp to full-service provider, delivering telecommunication and media integrated services to the end customer (with the relevant expansion on the physical access, voice and Iptv markets), through a full network and service IP model combining product innovation and marketing aggressiveness;
• Annual revenue growth of 20%; over EUR 1.4 billion in 2010;
• Increase of EBITDA margin from 14% to 26% within the plan timespan;
• ULL customers: from the current 400,000 to approximately 2 millions in 2010, of which about 500,000 triple play;
• Net profit and cash flow from 2008;
• Fully financed plan through asset disposal, with a further decrease of debt in excess of EUR 150 million in the next 12 months.

To read more, just click on:
-   Press Release .pdf
-   Analysts presentation .pdf  ( Video  )