(Finance) – The industrial plan initiated by Tiscali, a telecommunications company listed on Euronext Milan, and Linkem with the signing of the merger agreement of December 2021, which in a complex operation aims to integrate Tiscali and the retail branch of Linkem into a single corporate and commercial entity. After the election of the new BoD by the assembly, the board appointed Davide Rota as CEOwhile the founder Renato Soru he was appointed president of society. Rota will continue to hold the position of Chairman of Linkem, which will be headed by the new CEO, Massimo Arciulo, appointed in March 2022. Linkem will be a shareholder of Tiscali with approximately 62% of the shares.
“It is with great emotion that I announce my new position as CEO of Tiscali – commented Rota – It is an important change on a personal and professional level. Twenty years after founding Linkem I find myself once again facing an all-encompassing challenge, in which I believe so strongly that I have invested in shares of the new Tiscali a value consistent with the net remuneration that is expected will be approved for my new position. My goal, shared by the Board of Directors and by the Chairman Renato Soru whom I thank for trusting me, is that of transform Tiscali into a real Digital Media Company“.
“We have a solid positioning in the offering of TLC servicesa portal that generates 230 million pages and over 9 million unique visits per month, a startup ecosystem engaged in the development of smart services for the communities of the future and in the creation of public-private partnership models, as well as a data center owner to offer business services, “he added.
“Three years have passed since my return to Tiscali, which I founded almost 25 years ago and which I already left for the first time in 2004 – said Soru – In 2019, together with Claudio Costamagna, Alberto Trondoli and some other Amsicora partners, we took over the responsibility of guaranteeing a future to a company that, with the disengagement of previous Russian investors, was experiencing a period of particular difficulty. Our goal was to better balance the accounts, renew the offer, direct the company to new services in the Cloud and finally strengthen it with a consolidation operation results were achieved and the integration with Linkem, in addition to doubling turnover and improving economic and financial data, also brings with it the arrival of new major controlling shareholderscapable of guaranteeing the future growth of the company “.