Iliad Punished for Good Results

Dreyfuss, Joel
November 2008
Red Herring;11/6/2008, p8
Trade Publication
The article reports on the financial performance of Iliad, operator of popular French Internet service provider (ISP) Free, in the third quarter of 2008. According to the article, the operator posted a 30.2 percent increase in revenues, but that did not keep the market from punishing the stock. Illiad's price dropped 2.52 percent to 60.4 euros on November 6. The company said that setting aside the additional revenue from its acquisition of ISP Alice in 2009, its results would have increased by 17 percent.


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