View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 15, 1999


By CBR Staff Writer

UK electrical retailer Dixons Plc is rumored to be considering spinning off its highly successful Freeserve free internet service provider to take advantage of rocketing ISP share prices. Estimates of FreeServe’s stock market value have ranged between $1bn and $3bn. Dixons CEO John Clare told the Financial Times newspaper that a Freeserve floatation may become an issue which we will have to think about in due course. This would mimic the action of Compaq Computer Corp, who last month announced its intention to float its search engine subsidiary Alta Vista on Nasdaq. Freeserve has signed up one million subscribers since its launch five months ago, making it the overnight market leader. Free ISPs make returns by taking a percentage of call charges through partnerships with telecom companies, and with premium rate help-lines. Dixons share price, which has almost doubled since Freeserve launched, dipped slightly Monday, closing at 10.50 pounds.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.