Dixons steps up battle with Tesco on the Net
Tuesday 02 February 1999
The move comes just days after Tesco unveiled plans to offer free Internet access to the 10 million members of its ClubCard loyalty scheme.
Dixons is halving the price of calls to Freeserve's telephone support line from pounds 1 to 50p per minute. It claimed this was to celebrate Freeserve passing the million customer mark.
But analysts said the move was in response to Tesco's decision to price calls to its helpline at 50p.
Separately, it is launching a finance channel on Freeserve that will ultimately provide a range of services such as on-line banking and on- line share dealing.
"We expect it to be the best financial services channel in the country and we are in talks with a number of possible partners about adding other elements to it," said Mark Danby, head of Dixons' Freeserve division.
The group has signed an agreement with the US group MicroCap Financial Services (MFSI) to add the group's financial information to the Freeserve site.
From March Freeserve users will be able to check share and unit trust prices and look up company backgrounds and expert analysis.
Although in the US MFSI specialises in information on small, fast-growing companies, the UK site is expected to offer information on all FTSE 350 stocks.
Dixons has admitted that the barriers to entry in the free Internet access market are low, and sceptics say the market could eventually be confused, with hundreds of different players.
Tesco's move could signal a wave of copycat launches, although Dixons said its technology-literate customer base and store portfolio give it a built-in advantage.
- 1 Kermit the Frog has a new girlfriend named Denise
- 2 The excuses your boss is most likely to believe when you call in sick
- 3 Moscow voted the world's unfriendliest city
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The one chart that shows how George Osborne is almost certainly going to be our next Prime Minister
The excuses your boss is most likely to believe when you call in sick
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Bono's group has made more money from Facebook investment than from all his music
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum: Recruitment Genius: We are a vibrant and establishe...