Dixons Sell £215m Wanadoo Share
Posted: 25th Nov, 2003 By: MarkJ
Dixon's has sold its 48.4 million shares stake in Wanadoo, Freeserve's French parent ISP, for £215 million:
Dixons earned its stake in Wanadoo following the sale of UK ISP, Freeserve, to the French company in 2000 for £1.65 billion. Dixons created Freeserve - the first major UK ISP not to charge a subscription - in September 1998 before it quickly grew into the UK's leading ISP.
The Register notes that Dixon's shares were up 2.5p during early trade.
Dixons earned its stake in Wanadoo following the sale of UK ISP, Freeserve, to the French company in 2000 for £1.65 billion. Dixons created Freeserve - the first major UK ISP not to charge a subscription - in September 1998 before it quickly grew into the UK's leading ISP.
The Register notes that Dixon's shares were up 2.5p during early trade.
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