Iliad shares surge on launch of Wi-Fi mobile

21 Apr 2006

Shares in French telecoms company Iliad leapt 12% yesterday after the operator launched a new set-top box which adds HDTV and unlimited VoIP calls over a Wi-Fi equipped mobile phone to its existing portfolio of services. Iliad, which offers services through its ISP Free, is a prime mover in the triple-play market offering high speed internet access, unlimited voice calls and more than 80 TV channels for a monthly fee of EUR29.99 (USD37). The addition of a Wi-Fi phone, which allows the same phone services to be routed over a wireless network, is a step forward in the much-anticipated convergence of fixed and mobile services. However, it stops short of being a full quadruple-play offering as no mobile phone subscription is included in the package. According to industry research, about 40% of all mobile calls in France are made from the home and Iliad hopes its new Wi-Fi solution will save Free customers up to 40% of their mobile phone bills.

France, Iliad (Free)