Tiscali benoemt Luca Scano tot managing director Tiscali NL

News Broadband Netherlands 27 DEC 2005
Tiscali benoemt Luca Scano tot managing director Tiscali NL
Tiscali SpA announces the appointment of Luca Scano as Managing Director of Tiscali, the Dutch subsidiary of the Group. In Tiscali since 2000, Luca Scano has held different offices in the Parent Company. In particular, he has headed the M&A activities and, until 2003, he has also been the Investor Relations Officer of the Group.

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NETHERLANDS 30 AUG 2007

Tiscali Netherlands

On 15 September 2006 KPN agreed to acquire Tiscali Netherlands for EUR 255 million cash. For the Tiscali group the disposal of Tiscali Netherlands will generate a capital gain of EUR 180 million. The acquisition was exhaustively investigated by the Dutch competition watchdog NMA and approved on 24 May 2007. The competition authority was worried about the possible monopolistic consequences. It decided that KPN will not gain a too controlling market position and will not limit competition from cable companies and remaining competing ADSL operators Orange, Tele2, and Telecom Italia subsidiary BBned. On 19 June 2007, KPN completed the takeover of Tiscali's Dutch activities for EUR 236 million. The takeover price is EUR 19 million less than when the deal was first announced in September 2006 due to changes in the activities' debt and working capital position. Robin Clements was appointed managing director replacing Luca Scano. This is the last company profile made about Tiscali Netherlands.

NETHERLANDS 27 DEC 2005

Tiscali appoints Luca Scano managing director of Tiscali NL

Tiscali SpA has appointed Luca Scano as Managing Director of Tiscali Netherlands. In Tiscali since 2000, Luca Scano has held different offices in the Parent Company. In particular, he has headed the M&A activities and, until 2003, he has also been the Investor Relations Officer of the Group.

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