Wholesale Carrier Will Be Rebranded as Tinet
MILAN--(BUSINESS WIRE)--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.
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.