neuf looks set to take control of Club Internet, paper says

16 Apr 2007

neuf Cegetel has reportedly won the race to buy T-Online France (Club Internet), beating off a rival bid from Iliad (Free) with an offer of between EUR430 million and EUR460 million (USD581.5 million and USD622 million), writes the French business daily Les Echos citing unnamed sources. The newspaper claims neuf topped Iliad’s offer of EUR390 million to EUR400 million with a price that far and away eclipses Club Internet’s valuation of EUR350 million, based on projected subscriber value.

France, Iliad (Free), neuf Cegetel