The final countdown

Tiscali has disappointed. Investors in the Italian broadband operator had been hoping the group - whose shares have risen almost 30% in the last month on takeover rumours - to announce it’s selling up. At the very least, they expected clarity on the group’s strategy. Tiscali delivered neither. Instead, Tiscali ceremoniously waved off its chief executive Tommaso Pompei and indicated a vague desire to participate in consolidation of the European broadband market. Pompei, the architect of Tiscali’...