Tiscali: Disposal Tiscali Norway
Tiscali: Disposal Tiscali Norway Cagliari, 23rd August 2004. Tiscali announces today the disposal of its Norwegian subsidiary, Tiscali AS, to Telenor Telecom Solutions AS, a subsidiary of Telenor ASA (TEL, Oslo Stock Exchange; NASDAQ). The consideration is NOK 49.9 million (ca EUR 6 million) in cash. The disposal of Tiscali Norway is another step in the strategic plan announced by the Tiscali Group aimed at focusing managerial and financial resources in its key markets and follows the recent sales of Tiscali Austria and of Tiscali South Africa. As of 31st July 2004, Tiscali Norway had