Tiscali International Network acquisition concluded by BS Private Equity
Cagliari, Milano - May 26th, 2009
Tiscali International Network, the former carrier arm of Tiscali Group and a pure play wholesale carrier business, today announced that its acquisition by BS Private Equity SpA, one of Italy's largest private equity firms has been completed. The company will be rebranded as "Tinet".
BS Private Equity is committed to Tinet's successful business model and will continue to support Tinet's global growth strategy in the wholesale IP and Ethernet markets. In addition, Tinet will enhance its network performance and customer support services, with plans to deploy a third Network Operations Centre (NOC) in the USA.
"With the backing of a major Private Equity firm, we are in a strong position to consolidate our growth in the market", states Paolo Susnik, CEO of Tinet."As a result, we are well placed to continue to provide our customers with the quality of service that they have come to expect from us".
Paolo Pendenza, partner of BS Private Equity commented: "We invest in companies that have a strong management team and a proven, sustainable business model. It is clear that Tinet has both of those. Our skill is in finding companies which are already strong and helping to build them to their full potential. I am confident that our involvement will help lead Tinet to even greater success".