(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.