View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 23, 1998

FRENCH FIRM INFONIE SAYS IT WOULD CONSIDER MERGERS

By CBR Staff Writer

French online service provider Infonie SA says it plans to focus on online advertising in an attempt to move into profitability. Infonie was one of the first companies to float on the Nouveau Marche technology section of the Paris Bourse in 1996, and was 50 times oversubscribed at the time. But the company has won only 57,000 paying subscribers, and needs 80,000 to break even, the company said at a press conference in Paris yesterday. Revenues from advertizing and electronic commerce will be increased to 25% from the current 15% by the year 2000, Reuters reported. Infonie lost the equivalent of $7m last year, half that of the previous year’s losses. The firm said it would consider merging with a company such as the Lagadere Group’s Club Internet, but didn’t want to join up with a telecommunications firm. Earlier this year, Infonie acquired Lokace, the French internet search company, and the Caramail web email company.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. 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.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU