Tiscali 1999 Annual Report Download - page 4
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The progression of revenues from services is as follows (amounts in million EURO):
1999 1998 Change
Internet services revenues
Telephone services revenues
Other revenues and services
rendered
Total revenues from sales and
services rendered
12,67
19,98
0,08
32,73
0,33
0,95
0,01
1,29
+12,34
+19,03
+0,07
31,44
Breakdown by six-month periods of revenues from sales and services rendered
Last six months
1999 First six months
1999 Total
1999
Internet services revenues
Telephone services revenues
10,24
14,31
2,44
5,66
12,68
19,97
Internet Services Revenues
Tiscali was the first Company to launch a free Internet access service in continental Europe. With Tiscali
Freenet, users can access the main Internet services, such as e-mail, the World Wide Web, news group and
interactive chat groups. Thanks to ease of access and immediate setup of connection, the number of
subscribers rose swiftly to reach approximately 875,000 at the time of closure of the financial statement,
exceeding budgetary forecasts.
$
In the second half of 1999, revenues from telephone services grew considerably, thanks to the progressive
nation-wide extension of the service. Currently, the service covers 98% of the national territory; therefore a
sharp increase in revenues is anticipated in all voice services, both fixed telephone service and public phone
cards.
In the month of December, the daily volume of traffic reached about 931,000 minutes of conversation.