Free, the competitive carrier in France, is negotiating to buy Telecom Italia's Alice broadband service in France for about 800 million euros. Free stated that it expects to complete this transaction by the end of 3Q08 subject to consultation with the employee representatives and other necessary approvals.
Free also stated that this transaction would move it back into the position of the leading competitive broadband carrier in France. It lost that position last year when Neuf Cegetel acquired Deutsche Telekom's Club Internet broadband service in France.
Free makes it sound like a done deal. It appears to be a good move by Free as long as the subscriber turnover is low during the transition.
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