Tiscali sees profit in 2010, could sell-founder
* 2009 revs seen at about 300 mln euros
* 2009 EBITDA seen at about 70 mln euros
* Offer period for cap hike starts
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MILAN, Oct 12 (Reuters) - Debt-laden Italian broadband provider Tiscali SpA (TIS.MI) is targeting revenue of around 370 million euros ($544.5 million) in 2013 and will start generating cash next year under a business plan announced on Monday.
Tiscali, which also launches a 180 million euro share issue on Monday, forecasts revenue for this year at about 300 million euros, it said in a statement. [nBIA1271f]
Adjusted earnings before interest, tax, depreciation and amortisation are seen rising to about 90 million euros in 2013 from about 70 million this year.
The Sardinia-based company reached a debt deal with banks in May that included three capital increases for up to 262 million euros by the first quarter of 2010.
Investments in 2009 through 2013 are seen at about 150 million euros, while Tiscali forecast having about 1 million clients in 2013.
The roadshow for the share issue begins on Monday and the offer period will run until Oct. 30.
Regarding a newspaper report alleging a reduction in the number of Tiscali's British clients, with respect to those estimated at the time of the sale of the business to Carphone Warehouse Group Plc (CPW.L), Tiscali said the final customer figure had not been determined with certainty.
(Editing by David Holmes)
($1=.6795 Euro)
((Milan newsroom +39 02 6612 9507, fax +39 02 801 149, milan.newsroom@reuters.com)) Keywords: TISCALI/
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