Kimsufi: €2.99/month/2GB memory/500GB space/unlimited traffic

OVH was founded in 1999 and is a French hosting company. Kimsufi is its subsidiary, providing low-cost VPS, dedicated servers, cloud hosting, etc. Recently, they have launched low-priced dedicated servers, as low as 2.99 Euros per month, which is quite cost-effective. It is highly recommended for those who need to be familiar with independent server operations.
Here are the lowest priced dedicated hosting options (€2.99/month):

CPU: Atom single core 1.6+ GHz
Memory: 2GB
Space: 500GB
Traffic: 100 Mbps bandwidth
IPv4: 1
IPv6: 1 (although not very useful, but the number given is too small)
No installation fee

Details: http://www.ovh.ie/dedicated_servers/kimsufi.xml
Kimsufi official website: http://www.ovh.ie/