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Dixons is pumping up Freeserve pre-float with a $10 million investment in US Internet telephony specialist TelePost. TelePost technology will form the basis of Telserve, a new teleconferencing strand on Freeserve. Up to six Freeserve users can be linked up together by conference call. They can also pick up email, fax and voice messages, so long as they are transmitted over the Internet. Freeserve will retain exclusive UK rights over this technology. In return for its money, Dixons gets a loan note from TelePost and a warrant for 35 per cent of the equity of the privately-owned California company. ® See also: Cash conscious surfers back Freeserve model Freeserve blitzkriegs UK with charm offensive Freeserve adds share-buying

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