Shares of telecom giant Iliad rose 61% after its French founder announced plans for a public tender, boosting his fortune by some $3 billion in the process.
Scam PACs? Two Groups Claim To Support Vets And Cops While Blowing All Their Money On Administrative Fees.
Its Free subsidiary is France’s second largest supplier of home internet and one of the country’s most popular mobile phone providers. Its footprint across Europe is growing with new operations in Ireland, Italy and Poland gaining more market share as Niel continues with the tried-and-tested formula of offering low prices on monthly subscriptions.
Although largely unknown outside mainland Europe, Free is France’s most celebrated technology company. The live product release shows for Free’s latest Freebox technology borrow heavily from the Steve Jobs-Apple playbook, and a fanbase of so-called “Freenautes” eagerly await announcements of future products on Free specific news websites in France.
However, according to Salvador, the customer base has now settled and the “growth story” has clearly slowed. Alongside new regulatory requirements, Free has had to wake up to its responsibilities as one of Europe’s major internet providers, which has in turn suppressed the share price performance. There are other signs that Free, as a technology company and market leader, is experiencing growing pains. In June, a Canadian non-profit reported that Free’s hosting servers were responsible for
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