REGISTRATION DOCUMENT AND FINANCIAL REPORT - Iliad

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4. RISK FACTORS 4.5 RISKS RELATING TO CLAIMS AND LITIGATION Pursuant to the same order, claims of forgery and use of forged documents, attempted fraud and reporting an imaginary crime filed against Fernand and Jean-Christophe Develter were referred to the Tribunal Correctionnel, Fernand Develter being considered as the instigator of the action and the economic beneficiary of Wal Services. 4.6 INSURANCE AND RISK COVERAGE The Group’s strategy is to obtain insurance from external sources to cover the risks which can be insured at reasonable cost. Its current insurance policies cover Group companies’ assets and third party liability, under standard terms. The cost of Iliad’s insurance cover for all Group companies came to approximately €1.7 million in 2007, representing all the insurance premiums paid. In order to obtain the best possible coverage for all the Group’s companies, Iliad uses the services of its online insurance brokerage company, Assunet, which negotiates the insurance policies on its behalf. The Group’s main policy covers third party liability in the event of fire as required by France Télécom in respect of its occupancy of the co-location facilities. The roll-out of the FTTH network is covered by a principal contractor’s liability insurance policy. The Group has taken out specific insurance policies to cover the operation of the active and inactive telecommunications network. Its business as a fixed-line telephony operator is covered by a professional liability insurance policy. The Group has also taken out a certain number of insurance policies to cover property damage and equipment breakage at all locations where its equipment is housed (Points of Presence, subscriber connection nodes, optical nodes), and at the head office. In addition, in March 2007, the Group renewed the directors’ and officers’ liability insurance policy taken out in March 2005 which covers all forms of such liability claims. Iliad considers that this insurance cover takes into account the nature of the risks incurred by Group companies and matches the scope of other insurance cover currently available on the market for groups of a similar size and with similar business activities. The table below sets out the coverage levels under each of the above-mentioned policies. Third party liability – France Télécom Comprehensive cover (bodily injury, property damage and consequential loss) .................... €76,225,000 Third party liability – City of Paris Operational liability Per claim Bodily injury ..................................................................................... € 8,000,000 Property damage and consequential loss .......................................................... € 1,524,491 Third party liability – Operation of the Telecommunications Network in France Bodily injury ..................................................................................... € 7,622,500 Property damage and consequential loss .......................................................... € 1,525,000 Professional liability Professional liability and/or completed operations liability ........................................ € 3,100,000 Third party liability and property damage (rue de la ville l’Evêque site) Third party liability related to occupancy ......................................................... €11,436,676 Additional operating costs ........................................................................ € 3,400,000 Property damage ................................................................................. € 762,250 Third party liability and property damage (Bezons site) Tenant’s risks .................................................................................... € 2,500,000 Industrial risks .................................................................................... €30,000,000 Directors’ and officers’ liability Amount of coverage per insurance period ......................................................... €15,000,000 12 - Iliad – Registration Document 2007
5. INFORMATION ABOUT THE COMPANY AND THE GROUP 5.1 HISTORY AND DEVELOPMENT 5. INFORMATION ABOUT THE COMPANY AND THE GROUP 5.1 HISTORY AND DEVELOPMENT 5.1.1 Company name The Company’s name is Iliad 5.1.2 Registration details The Company is registered at the Paris Trade and Companies Registry under registration number 342 376 332. 5.1.3 Date of incorporation and term The Company’s business sector A.P.E. code is 5814Z – Publication of Reviews and Periodicals. The Company was incorporated on August 31, 1987 for a fixed period of ninety-nine years from its registration date at the Trade and Companies Registry, expiring on October 15, 2086 unless said period is extended or the Company is wound up in advance. 5.1.4 Registered office, legal form and applicable law Registered office: 8 rue de la Ville l’Evêque, 75008 Paris (France) Telephone: +33 (0) 1 73 50 20 00. The Company is a French société anonyme organized and existing under the laws of France and governed, inter alia, by the provisions of Livre II of the French Commercial Code (Code de commerce) and Decree no. 67-236 of March 23, 1967 relating to commercial companies (as codified in the regulatory section of the Commercial Code). 5.1.5 Key dates The key dates in the Group’s development are as follows: 1996 • Launch of the reverse look-up directory 3617 ANNU 1999 • Creation of the Internet service provider Free • The Group is granted category L.33-1 and L.34-1 telecommunications licenses, authorizing it to roll out a telecommunications network and to provide telecommunications services to the public 2000 • Start of the roll-out of the Group’s telecommunications network and interconnection with France Télécom’s network • Sale of the Group’s Minitel business (excluding ANNU) 2001 • Completion in April 2001 of the interconnection between the Free Telecom network and the France Télécom network at regional level and in the Paris urban area • Launch of the Freebox (modem and DSLAM) research and development project • Acquisition of the French subsidiary of the Australian telecommunications operator One.Tel (December 2001) 2002 • Restructuring of One.Tel and migration of its traffic to the Group’s network • Launch of Free’s broadband service • Start of local loop unbundling (LLU) operations in Paris Iliad – Registration Document 2007 - 13
Page 1 and 2: Société anonyme. Share capital:
Page 3 and 4: TABLE OF CONTENTS GENERAL COMMENTS
Page 5 and 6: 16.2 SERVICE CONTRACTS ENTERED INTO
Page 7 and 8: 1. PERSONS RESPONSIBLE 1.1 PERSON R
Page 9 and 10: 3. SELECTED FINANCIAL INFORMATION 3
Page 11 and 12: 4. RISK FACTORS 4.1 RISKS RELATING
Page 13 and 14: 4. RISK FACTORS 4.3 FINANCIAL RISKS
Page 15 and 16: 4.4 LEGAL RISKS 4.4.1 Risks relatin
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Page 21 and 22: 2007 • Sale of Kertel (February 2
Page 23 and 24: 5. INFORMATION ABOUT THE COMPANY AN
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Page 27 and 28: Considering acquisition opportuniti
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Page 33 and 34: 6. OVERVIEW OF THE GROUP’S BUSINE
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9.1 KEY CONSOLIDATED FINANCIAL DATA
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9. OPERATING AND FINANCIAL REVIEW 9
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9.1.2 ADDITIONAL INFORMATION 9.1.2.
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11. RESEARCH AND DEVELOPMENT, PATEN
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13. PROFIT FORECASTS OR ESTIMATES T
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14. ADMINISTRATIVE, MANAGEMENT AND
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15. COMPENSATION AND BENEFITS 15.2
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16. FUNCTIONING OF THE COMPANY’S
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17.1 HUMAN RESOURCES 17. EMPLOYEES
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18.1 IDENTIFICATION OF SHAREHOLDERS
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19. RELATED PARTY TRANSACTIONS 19.
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20. FINANCIAL INFORMATION CONCERNIN
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2.3.4 List of subsidiaries and affi
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21.1 SHARE CAPITAL 21.1.1 Amount of
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21. ADDITIONAL INFORMATION 21.1 SHA
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21.1.8 Authorized unissued share ca
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21.4.2 Changes in the Iliad share p
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Not applicable. 23. THIRD PARTY INF
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25. INFORMATION ON SHAREHOLDINGS 25
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GLOSSARY Broadband ARPU (Average Re
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GLOSSARY IP (Internet Protocol): te
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GLOSSARY Spamming: the bulk mailing
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RR Donnelley : 01 53 45 19 00
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