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Monday January 26, 2004 Shares for Free! A French ISP called Free is about to benefit from the first technology IPO in Paris in three years. If things go according to plan, Free’s parent company, service provider Iliad, will float up to 15 percent of its stock on the Euronext Paris exchange later this week, which could raise as much as €95 million (US$118 million). Iliad plans to use the cash to help accelerate Free’s rollout of DSL services in France. It’s already the second biggest provider, with more than 485,000 customers (about 15 percent of the national market). But the goal is to start catching up with the market leader, France Telecom SA (NYSE: FTE - message board), which has about 3 million DSL subscribers. Other players in the market include Telecom Italia SpA (NYSE: TI - message board), which launched in October, and French carrier Groupe Cegetel, which launched its service last week. With new players emerging, and France Telecom boosting its broadband investments (see Europe Doubles Down on DSL ), Free wants to take its triple-play offering of high-speed access, voice, and TV services to as much of the population as quickly as possible. Read complete article at: Light Reading Source: Ray Le Maistre, International Editor, Boardwatch
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