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.