Tiscali shares suspended after value falls by 50 percent

[#1]

Looks like Tiscali is starting to default on its debts.
http://www.theregister.co.uk/2009/03/09/tiscali_suspended/

[#2]

Crunch day tomorrow.  They are due to make interest payments on their loans which they are trying to delay.

[#3]

Would hate to be a customer of theirs but can't say im not pleased that they are finally getting their just deserts.

[#4]

Yes - but they have 100's of thousands of customers - many but not all on LLU.
So what happens - do LLU customers get cut off, but those with BT Wholesale ? ? ?.

[#5]

They've always had a bad reputation.  It's surprising they have so many customers but guess that's down to pricing.
I read that BT were asked if they were interested but turned them down.

[#6]

If they goe bust and the LLU equipment is just standing there will BT pick it up for nothing to cover the debt? 

[#7]

I believe that some of the landlords of Adam's did something similar by changing the locks and keeping the stock when rent wasn't paid for a while.

[#8]

The administrator would deal with this.  They would try and sell the equipment to another company.

[#9]

thats what Tiscalli has been trying to do, no one wanted to pay the price

[#10]

Yes, but you've missed the point. Tiscali wanted market value whereas an administrator would sell for the best price he could realise irrespective of how low this may be. 

[#11]

Good riddence, I know plenty of customers of this outfit that joined because they were cheap but had no end of problems with broadband service and billing.
It's a wonder they've survived this long, will be interesting to see what happens to the rest of the business like the IP backbone.

[#12]

Given their inefficiency when I left them - and they wrote about 4 letters saying I owed them money - when I cancelled contract and paid any outstanding amounts due; I'm not surprised - that is a sign of a badly run company.
Good riddance  indeed - but sorry for the bulk of the staff of course.
But aren;t some PN customers still on Tiscallu LLU ?

[#13]

There has been a reprieve http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/4973960/Tiscali-suspends-...

[#14]

Sounds like they are just putting off the inevitable.

[#15]

What a shame.