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Iliad to acquire Polish operator Play for EUR 2.2 billion
2020-09-21 10:33:00| Telecompaper Headlines
(Telecompaper) French operator Iliad is continuing its European expansion with an agreement to acquire Polish operator P4, trading under the Play brand. Iliad has signed a binding agreement to purchase a 40 percent controlling interest from Play's two reference shareholders for PLN 39 per share, which will give Iliad the majority of seats on Play's management board. It will launch a public bid for the remaining Play shares at the same price, for a total price of EUR 2.2 billion, or EUR 3.5 billion including debt.
Tags: play
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Category:Telecommunications