Lycos Europe Buys Tiscali Sweden For $15.7 Million

Lycos Europe’s Swedish subsidiary Spray has bought out Tiscali Sweden for a purchase price of EUR 13 million ($15.7 million). The investment also includes Tiscali Sweden’s internet and email- provider home.se, one of the most popular Swedish email services with 130,000 active email accounts.

In the Swedish market, Spray will become the third largest ADSL provider (totaling 46,000 customers) and the fourth largest narrowband provider (totaling 200,000 customers) by acquiring Tiscali Sweden.

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