GC Asia
Tiscali’s Eu500m loan causes fallout with auditor
Tiscali, the debt-laden Italian telecom firm, was dealt a blow on Wednesday when its auditors refused to sign off its 2008 results. Ernst & Young said there were "fundamental uncertainties" about the borrower’s viability as it had not managed to restructure its Eu500m loan. Tiscali disputed the statement,
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