Netgem, CDC, Oceinde join forces to create French fibre ISP

(Telecompaper) STB maker Netgem, state-owned bank CDC and Oceinde have announced the creation of fibre ISP 'Vitis', which specialises in reselling broadband access to French consumers in areas covered by public-initiative networks (known as RIP, 'Reseaux d'Initiative Publique'). Netgem holds a 55 percent stake in the ISP, with CDC and Oceinde controlling 33 and 12 percent respectively. The announcement states that CDC and Oceinde participated in a capital increase valuing Netgem's investment at