Tessellis S.p.A. (formerly Tiscali S.p.A.) is an Italian telecommunications company founded in 1998 and based in Cagliari, Sardinia, that provides Internet and telecommunications services in Italy, and, previously had operations in other European nations through its acquisition of many smaller European Internet Service Providers (ISPs) in the late 1990s. History Tiscali S.p.A. was created in January 1998 in Cagliari by Renato Soru, following the deregulation of Italian telephone system. The company owes its name to a Sardinian mountain at which remains of an ancient village were found. From March 1999 onward, Tiscali offered "Tiscali Free Net", a subscription-free Internet service where customers only had to pay for the time they were online. This pushed other Italian providers to repeal their fixed subscription fees, thus contributing to making the Internet accessible to the masses in Italy. On 30 December 2021, Tiscali S.p.A. and Linkem S.p.A. approved the project for the merger by incorporation of Linkem Retail S.r.l. in Tiscali S.p.A. On 27 April 2022, the shareholders' meetings of Tiscali and Linkem approved the merger between the two companies. On 1 August 2022, the two companies completed the merger process: Tiscali S.p.A. integrated Linkem Retail S.r.l., with the consequent transfer of the branch to the subsidiary Tiscali Italia S.p.A., while Linkem S.p.A. became the majority shareholder of Tiscali S.p.A. (58.60%). After announcing it in October 2022, on 19 January 2023 the name of the parent company became Tessellis S.p.A., which will continue to operate under both the commercial brands Tiscali and Linkem IPO In October 1999 (during the dot-com bubble), the company went through an initial public offering (IPO) to be traded on the Italian Stock Exchange at a share price of 46 Euros. 3,098,000 shares were offered to investors of which 2,658,000 shares were created through a capital increase and the rest were sold by Soru. Soru made 20,240,000 Euros on the IPO. In 2012, the price per share had plummeted to 0.04 Euros. Between 2001 and 2005, shares were also traded on the French Stock Exchange. It was delisted from Paris Stock Exchange at the end of December 2005. Sales Beginning in 2004, Tiscali sold off many of its regional sub-companies to native telecommunications operators in order to focus more on prime target areas. On 16 August 2004, Tiscali sold its Austrian branch, Tiscali Österreich GmbH, to Nextra Telecom GmbH. On 20 August 2004, Tiscali sold its South African branch,