05 Jan 2001
European internet service provider Liberty Surf is considering closing down its UK operation in a bid to save money.
The ISP may cease all its non-French operations which include the UK as well as Sweden, Spain and Norway, according to French newspaper Les Echos. Liberty Surf has since confirmed the report.
The ISP, which closed offices in Denmark and the Netherlands in June, said on Wednesday that it was holding partnership talks with various companies. The closures would improve the company's chances of finding a buyer for itself, reports Les Echos.
Last year Liberty Surf, which is owned by Kingfisher and Europ@web, the Bernard Arnault internet investment company, announced increasing losses and saw a fall in its share price.
Pierre Besnainou, Liberty Surf chairman, told AFX News: "It is true that we are studying this possibility, which is linked to the future of our capital structure."
Latest stories from Web
Related articles
Related jobs
Poll
What is the most important IT priority for your company this year?
Sneak peek at the forthcoming glass-based machine
Connect with V3.co.uk
This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes
Why good data management at all levels is essential in the modern business (video, 6mins)
Software Design Architect (Windows Database Application...
Lead Java Developer - Fast growing, young and international...
Job Specification Graduate Support Engineer...
Job Specification For: Software Developer...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?