March 24, 2017 / 5:45 PM / 4 months ago

CORRECTED-BRIEF-Tiscali: Fastweb to pay final tranche for acquisition of Tiscali Business

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(Corrects story from March 24 to clarify the acquisition price, add court ruling.)

March 27 (Reuters) - Tiscali SpA:

* Council of State rejects the appeal against the adjudication in favor of Tiscali of the framework agreement for network and connectivity services (SPC) to the public administration

* By virtue of the agreement, with which Tiscali sold its unit Tiscali Business, Fastweb will pay Tiscali the second and final tranche of the payment for 32.5 million euros

* 20 million euros to be paid in cash and 12.5 million euros in connectivity services Source text for Eikon:

Further company coverage: ($1 = 0.9256 euros) (Gdynia Newsroom)

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