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Tiscali vows to tackle debt after new blow.

INTERNET provider Tiscali has been dealt a fresh blow after revealing its auditors had refused to sign off its accounts.

Ernst & Young warned of "fundamental uncertainties" on business continuity and said it was not able to give an opinion on the company's full-year results.

The auditors said that Tiscali, which had almost 1.8m UK broadband customers at the end of September last year, could only continue if it renegotiated its debts with lenders.

Tiscali, which employs about 700 staff in the UK, said it disagreed with the auditors' conclusions and said it would propose a plan to reduce the firm's losses at a shareholder meeting on April 30..
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Publication:Huddersfield Daily Examiner (Huddersfield, England)
Date:Apr 16, 2009
Words:109
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