Tiscali advances in Germany
Continued expansion of Tiscali in the area of network access provider: Renato Soru, the company has reached an agreement to acquire SurfEu, ISP present mainly in Germany but also in Austria, Switzerland and Finland. The company, acquired partly in cash and partly in shares, will be paid no less than 69.6 million euros, of which about 25% in cash and the remainder in newly issued shares. Tiscali at this time scored an increase of 1, 975, with trading slightly above 15 euros.