Wholesale Carrier Will Be Rebranded as Tinet
Tiscali International Network, the former carrier arm of Tiscali Group
and a pure play wholesale carrier business, today announced that its
acquisition by BS Private Equity SpA, one of Italy’s largest private
equity firms has been completed. Being now independent from Tiscali
Group, the company will change its name and will be soon rebranded as
“Tinet".
BS Private Equity is committed to Tinet’s successful business model and
will continue to support Tinet’s global growth strategy in the wholesale
IP and Ethernet markets. In addition, Tinet will enhance its network
performance and customer support services, with plans to deploy a third
Network Operations Centre (NOC) in the USA.
“With the backing of a major Private Equity firm, we are in a strong
position to consolidate our growth in the market,” states Paolo Susnik,
CEO of Tinet. “As a result, we are well placed to continue to provide
our customers with the Quality of Service that they have come to expect
from us.”
Paolo Pendenza, partner of BS Private Equity commented: “We invest in
companies that have a strong management team and a proven, sustainable
business model. It is clear that Tinet has both of those. Our skill is
in finding companies which are already strong and helping to build them
to their full potential. I am confident that our involvement will help
lead Tinet to even greater success.”
About BS Private Equity
BS Private Equity is one of Italy's leading private equity firms,
investing in manufacturing and service companies. It arranges management
buy-outs and buy-ins, with the goal of assisting experienced executives
who are eager to become entrepreneurs. It provides the capital that
unlisted companies need to grow both internally and externally.
BS Private Equity, owned directly by its partners, manages, through BS
Investimenti SGR, BS Investimenti IV, one of the largest country funds
in Italy, with a total size of 550 million.
About Tinet
Tinet, formerly the carrier arm of Tiscali Group, is the only global
carrier exclusively committed to the IP/MPLS wholesale market. With
network presence and customers in EMEA, Americas and APAC, Tinet
provides global IP Transit and Ethernet connectivity to Carriers,
Service and Content Providers worldwide, within 7 working days. The
carrier guarantees customers proactive management of SLAs and protection
from DDoS attacks.
Established in 2002, Tinet’s unique business model, based on focus and
simplicity, assures the delivery of the highest standard of service.
Tinet has grown to become one of the top 10 global IPv4 backbones and
the number one IPv6 network worldwide.
For more information on Tinet, please visit www.tinet.net.