Tessellis S.p.A.: Business Overview, Financials & Competitive Analysis
Tessellis S.p.A. scores 3/10 on the AskCyborg Cyborg Score (Challenged). Distressed Italian telecom operator undergoing rebranding with negative profitability and severe stock underperformance. The company reported an operating loss of €48.1 million in 2024 compared to €34.7 million EBITDA in 2023. Post-rebranding stock performance has been highly volatile, with shares experiencing a 67.86% decline in 2024 and a further 52.06%.
What is Tessellis S.p.A.'s industry? Tessellis S.p.A. (tessellis.it) operates in Telecommunications & Internet Services. AskCyborg classifies Tessellis S.p.A. under Telecommunications & Internet Services in its company registry.
Tessellis provides telecommunication services through various fixed network technologies in Italy and the Netherlands, offering broadband, ultrabroadband, fixed wireless access, and fiber to the home services. The com...
Cyborg Score thesis
Distressed Italian telecom operator undergoing rebranding with negative profitability and severe stock...
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Get Current Report FreeTessellis S.p.A. Overview
Pro stress-test →Tessellis provides telecommunication services through various fixed network technologies in Italy and the Netherlands, offering broadband, ultrabroadband, fixed wireless access, and fiber to the home services. The company was formerly known as Tiscali Spa and changed its name to Tessellis S.p.A. in January 2023, founded in 1998 and headquartered in Cagliari, Italy.
Strategic Profile
Pro stress-test →The company provides fixed, mobile, and value-added services, as well as platforms and vertical services, including smart city services for households, businesses, and public administrations, plus operates newspapers web portals and digital shopping platforms. Tessellis reported consolidated revenues of €217 million for 2024 with normalized EBITDA of €19 million, reflecting its transition toward converged fixed and mobile services.
Competitive Landscape
Pro stress-test →Main competitors in the Italian telecom market include Telecom Italia S.p.A. and other regional operators. Tessellis operates as a mid-sized independent telecom provider focused on fixed broadband and converged services, competing against larger national operators and specialized players in ultra-broadband infrastructure.
Industry Context
Tessellis S.p.A. operates in Telecommunications & Internet Services.
Key facts
Founded: 1998 · Headquarters: Cagliari, Italy · Employees: 974 · Revenue: €217M (2024) · Market cap: €34M