Tiscali takes new blow as auditors refuse to sign accounts

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Tiscali takes new blow as auditors refuse to sign accounts

Tiscali, the debt-laden Italian telcoms firm, was dealt a major blow today (Wednesday) when its auditors refused to sign off its 2008 results. Ernst & Young said there were “fundamental uncertainties” about the borrower’s viability unless it managed to restructure its Eu500m loan.

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