Tiscali continued to lose subscribers prior to TalkTalk takeover

Tiscali has just released its latest list of figures for the last quarter, which shows a steady decline in subscribers from nearly 1.76 million at the end of last year, to 1.7 million at the end of Q1 2009 (31st of March).

This news comes just a week after it was announced that TalkTalk and AOL owners Carphone Warehouse bought the UK arm of the Italian firm, which was struggling with debt repayments, for £263 million, £20 million of which went towards clearing debts, according to the press release found here (PDF).

It is thought that once the transaction is complete next month, Tiscali subscribers will be migrated to the TalkTalk network and be offered the basic TalkTalk Essentials service (8Mbps speeds, 40GB download limit, Evening & Weekend calls) as standard.

It has been announced that for Tiscali customers, the service will remain as normal until June, although neither Tiscali nor Carphone Warehouse have yet to release any further details regarding service or customer migration.

No Comments »Posted by Tom on May 15th 2009 in AOL, Carphone Warehouse, TalkTalk, Tiscali

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