TITLE

Iliad Punished for Good Results

AUTHOR(S)
Dreyfuss, Joel
PUB. DATE
November 2008
SOURCE
Red Herring;11/6/2008, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36586122

 

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