Monday, 11 May 2009
Tiscali, the dream is over
Tiscali has sold Tiscali UK to Carphone Warehouse Group for 255.5 million of GBP. After years of sales, the dream of a italian-based european provider is over.
Renato Soru created Tiscali on January 1998.
October 1999: IPO (Tiscali enters the stock market during the dot-com bubble). People pay 46 euro for 1 share of Tiscali.
May 2009: (after the stock split 10:1 of april 2000) the same investor would have 10 shares of the value of 0.416 euro each, never a dividend.
Tiscali, son of the dot-com bubble, victim of bad management.
Chief executive officer
1998-2004 Renato Soru
2004-2005 Ruud Huisman
2005-2008 Tommaso Pompei
2008-incumbent Mario Rosso