Tessellis

Overview

Tessellis S.p.A.

former name	Tiscali S.p.A. (1998-2023)
type	Public
traded as	ise: IT0005496473 TSL
foundation	January 1998
founder	Renato Soru
location	Tiscali Campus
hq location city	Sa Illetta, Cagliari
hq location country	Italy
area served	Italy
key people	Renato Soru (founder), Stefano Zacutti (CEO)‡R1R‡
owner	ShellNet (56.54%) Market (43.36%)‡R2R‡
isin	IT0005496473
industry	Telecommunications
products	Telephony Broadband Internet IT Services
parent	Jefferies Financial Group
subsid	Tiscali Italia (100%)‡R3R‡
homepage	https://www.tessellis.it/

Tessellis S.p.A. (formerly Tiscali S.p.A.) is an Italian telecommunications company founded in 1998 and based in Cagliari, Sardinia, that provides Internet and telecommunications services in Italy, and, previously had operations in other European nations through its acquisition of many smaller European Internet service providers (ISPs) in the late 1990s.[4]

Since 2022, following the Tiscali-Linkem merger, the company has acquired full control of the retail services previously provided by Linkem (now OpNet), including the brand.

History

Tiscali S.p.A. was created in January 1998 in Cagliari by Renato Soru, following the deregulation of Italian telephone system.[5]

IPO

In October 1999 (during the dot-com bubble), the company went through an initial public offering (IPO) to be traded on the Italian Stock Exchange at a share price of 46 Euros. 3,098,000 shares were offered to investors of which 2,658,000 shares were created through a capital increase and the rest were sold by Soru. Soru made 20,240,000 Euros on the IPO. In 2012, the price per share had plummeted to 0.04 Euros.

Between 2001 and 2005,[11] shares were also traded on the French Stock Exchange. It was delisted from Paris Stock Exchange at the end of December 2005.

Operations

Beginning in 2004, Tiscali S.p.A. has carried out various purchase, sale and merger actions

On 16 August 2004, sold its Austrian branch, Tiscali Österreich GmbH, to Nextra Telecom GmbH.

On 20 August 2004, sold its South African branch, Tiscali (Pty) Ltd, to MWEB Holdings (Pty) Ltd.

On 23 August 2004, sold its Norwegian branch, Tiscali AS, to Telenor Telecom Solutions AS.

On 30 August 2004, sold its Swedish counterpart, Tiscali AB, to Spray Network AB, then a subsidiary of Lycos, Inc.

On 16 September 2004, sold its Swiss counterpart, Tiscali AG, reaching an agreement with Smart Telecom Plc.

On 19 October 2004, sold its South African mobile telephone network, Tiscali Mobile, to Vodacom S.A.

On 29 November 2004, sold its Luxembourg subsidiary, Tiscali S.A., reaching an agreement with Alternet S.A.

On 29 November 2004, sold its Belgian subsidiary, Tiscali N.V, reaching an agreement with Scarlet België SA.[12]

On 1 February 2005, sold its Danish company, Tiscali Denmark A/S, to Tele2 AB.

On 5 May 2005, sold the French ISP, Liberty Surf Group SAS to Telecom Italia S.p.A.[13]

On 31 January 2007, sold its German business to consumer activities to Freenet.de AG, at a sum of €30 million.[14] It later sold its business-to-business transactions on 5 February 2007 to Ecotel Communication AG, with future intentions to leave the German market altogether.[15]

On 19 June 2007, sold its Dutch branch, Tiscali B.V., to Royal KPN N.V.[16]

On 11 October 2006, announced that it was to focus on the UK and Italy as its prime ISP targets, with plans to introduce new services to them including a mobile network operator and new IPTV products to the United Kingdom by its acquisition of HomeChoice.[17]

On 31 December 2008, shut down its IPTV service in Italy.[18]

On 27 May 2009, sold its International arm, Tinet B.V. to BS Private Equity S.p.A. firm.

On 30 June 2009, sold its UK subsidiary to Carphone Warehouse following regulatory approval from the European Union.[19] The service was rebranded as TalkTalk in January 2010.[20]

By 16 February 2016, completed its merger with Aria S.p.A., an Italian WiMAX provider.[21]

On 1 August 2022, completed its merger with the retail branch of Linkem S.p.A.[7]

On 19 January 2023, Tiscali S.p.A. changed its name to Tessellis S.p.A.[9]

Tessellis

History

IPO

Operations

Services

Tiscali Campus

See also

External links

References