France’s Iliad has made an offer to buy 100% of Vodafone Italia.
Quoting an Iliad spokesman, Reuters adds that the company was not able to provide any further details, while Vodafone refused to comment.
Estimates of Vodafone Italia’s enterprise value range from €9-9.5 billion (Banca Akros) and €11-13 billion (Equita).
As previously reported by Broadband TV News, Vodafone and Iliad have been in talks to combine their operations in Italy.
Iliad has working with the investment bank Lazard on its strategic plans for Italy and should an agreement be reached it would create an entity with revenues of nearly €6 billion and a 36% share of the country’s mobile market.
