Audit Reveals True State of Affairs at Tiscali
Tiscali broadband customers are in for a shock, as an assessment carried out by independent auditors Ernst and Young has revealed that the future of the company is uncertain, and its survival is at risk. If Tiscali wishes to continue functioning at its current level, they said, it would be required of the service provider to discuss its considerable debts with the creditors.
This translates into customers having to face the fact that inability on Tiscali’s part to settle its debts could result in their broadband services being terminated. In an attempt to prove that it is concerned about the current state of affairs, Tiscali has made it known that it will bring up plans to reduce debts in a shareholders meeting in May.
A Tiscali spokesperson said that until such a plan is finalised, Tiscali would continue to operate as it usually does, in
Tiscali may have strongly disputed the auditors’ report, but there is no denying the fact that it has been in the news for all the wrong reasons, and any further negligence on its part could ring the death knell for the service provider. If you’re considering switching, or just want some info, click here for the best broadband providers.
Customers who had accounts with screaming.net, a domain owned by Tiscali, got a precursor of what could be in store, when they realised that their accounts had been suspended because the provider had not renewed the domain name on time.
With Tiscali acting somewhat sluggishly, over 1.8 million
