Tiscali cuts its losses

Italian ISP sees revenues rise...

Tiscali, fresh from announcing a single brand strategy yesterday, has revealed it has cut costs by 45 per cent over the last six months. The acquisitive Italian ISP has grabbed headlines by snapping up players such as LibertySurf, LineOne and World Online in an effort to challenge for net access supremacy in Europe against rivals such as AOL, Germany's T-Online and France's Wanadoo. LibertySurf and World Online between them have seen 1,000 jobs trimmed. Tiscali's Q2 loss was down 38.5 per cent to E63.3m (£39.8m) on revenues that increased 11 per cent quarter-on-quarter to E165m (£103.7m).