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Broadband radio firm tunes into AIM float

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Big Broadband is to float on AIM, valuing the Web-based radio company at £5 million.

The company, which includes dotcom celebrity investors Matthew Freud and Michael Edelson among its backers, plans to create franchises across Europe and in the US for its service.

The company owns London Unlimited, a Web-based radio station which pumps out music from unsigned bands. It's looking to raise £1.5 million through the flotation. ®

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