Tiscali 1999 Annual Report Download - page 28
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The remaining 15% of shares is held by Kiwi I Ventura - I Servicos S.A. During the financial year, business
plans were drafted and suppliers’ offers were analyzed in order to start up the venture with the support of a
Project Financing operation. In January 2000, Banca CIS deliberated to confirm its participation in the
Project.
Energy Byte S.p.A. This company was set up in November 1999 for creating web entertainment
products. In particular, we should point out the great success in the year 2000 of the game "Energy Bank",
for which a special site has been created. The remaining forty-five percent (45%) of shares is held by
Marton Srl. During 1999, the Company remained basically inactive.
,$
Head office Share Shareholders’ Profit % Carrying
Company name (Euro) Capital Equity (Loss) held value
Gilla S.p.A. Cagliari 2,500,000 2,500,000 - 50% 1,250,000
2,500,000 2,500,000 - 1,250,000
Gilla S.p.A. was established in late December 1999 and its registration was ratified in the year 2000. This
company – set up as a joint venture with Sonera Corporation – has a share capital of EURO 2.5 million; its
corporate aim is the development of a Call Center to offer Directory telephone services to the consumer
market. The Call Center services will be implemented on the basis of the interconnection agreement
stipulated by Tiscali with Telecom Italia. Its development will be based on synergy between the two
companies in the telecommunications sector.