Tessellis S.p.A.

Stocks

TIS

IT0005496473

Integrated Telecommunications Services

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0.0720 ^EUR	-1.77%		-5.66%	-25.31%

Jun. 05	European markets set for mixed open following Dow record	AN
Jun. 04	European markets trade higher; DiaSorin leads the MIB	AN

Tessellis: Court confirms protective measures until July 10

Published on 04/16/2026 at 04:49 am EDT

Alliance News - Translated by Marketscreener - See original

TESSELLIS S.P.A.

-1.77%

(Alliance News) - Tessellis Spa announced on Wednesday evening that the Court of Cagliari has granted the company full legal protection under the Business Crisis and Insolvency Code, confirming protective and precautionary measures within the framework of negotiated settlement proceedings.

Until July 10, the group will benefit from a 120-day moratorium, the maximum period allowed by law, to finalize a restructuring plan based on the competitive sale of corporate assets.

During this period, creditors are prohibited from initiating enforcement actions, seizures, or petitioning for the judicial liquidation of the company. The court order also imposes strict constraints on banks and strategic suppliers: the former may not revoke credit lines or exercise set-off rights on current accounts, which must remain available for operational costs related to business continuity; meanwhile, suppliers are barred from terminating contracts or modifying terms based on prior debts.

This freeze on liabilities and hostile actions aims to preserve the value of the group's assets—which include Tiscali Italia and GO Internet—ensuring the necessary time to complete negotiations with creditors and stabilize the financial position within a protected environment.

By Michele Cirulli, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Latest news about Tessellis S.p.A.

Jun. 05	European markets set for mixed open following Dow record	AN
Jun. 04	European markets trade higher; DiaSorin leads the MIB	AN
Jun. 04	Tessellis launches lease of Tiscali B2C unit to Smeraldo	AN
Jun. 02	European markets trade higher; MIB climbs above 50,300 points	AN
Jun. 01	June starts with a sell-off; Avio leads the decline	AN
Jun. 01	MIB holds above 50,000 points; TIM and DiaSorin perform well	AN
Jun. 01	European markets open mixed, Avio drags down MIB	AN
Jun. 01	Tessellis nears deal with Canarbino for B2C and web-mail units	AN
May. 29	Tessellis says Court of Cagliari authorizes lease and transfer of business units and trademarks	RE
May. 25	Buy-side in Europe; Avio soars to the top of the MIB	AN
May. 25	European markets open higher; CDP pushes Nexi to the top of the MIB	AN
May. 25	DHH Flags Acceptance of Offer for Tessellis Group's B.1 Business	MT
May. 22	DHH says the irrevocable offer submitted by co for the acquisition of perimeter B.1 of the Tessellis Group has been accepted	RE
May. 22	Tessellis Board accepts DHH offer for B.1 business perimeter	AN
May. 22	Tessellis board accepts DHH offer for acquisition of Perimeter B.1	RE

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Company Profile

Tessellis SpA, formerly known as Tiscali SpA, is an Italy-based company engaged in the telecommunications sector. The Company is focused on offering integrated Internet access, as well as fixed and mobile telephony services. The Company's activities are organised around three main areas, including: Telco, Media&Tech and Innovative Services for B2B and Public Administration. Telco area is focused on fixed services, in Ultra Broadband fixed and fixed wireless mode, and mobile services, to private and business customers. Media&Tech area is dedicated to offering media activities through their online portal and advertising sales via the Veesible agency. Innovative Services for B2B and Public Administration area is focused on providing vertical platforms and services.

Employees

Sector

Integrated Telecommunications Services

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