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FRANCE - Newfund agrees buyout of 118000

FR
03 November 2009

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Newfund has completed its third deal with the management buyout of 118000, a phone service and internet company, from German telecommunications business Telegate.

118000, founded in 2005, is a phone service which provides customers with information and phone numbers. The company also operates an internet website, 118000.fr, which had 3.3m unique visitors in September.

The business generated turnover of EUR 14m in 2008.

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