In a statement, it lists the merits of its offer. They include a very high premium; being 100% in cash; the benefit from a strong financial support from one of the top three European banks for the full amount and from a financial partner; answering Vodafone management’s desire for consolidation in Italy; and being in the best interest of Vodafone’s shareholders.
Iliad added that it would continue to pursue its standalone strategy in Italy. This has seen it secure more than 8.5 million mobile subscribers in 3.5 years, successfully launch a fixed broadband offer and see more than 20% billed to subscribers’ revenue growth in 2021.
As previously reported by Broadband TV News, Iliad made its offer to buy 100% of Vodafone Italy earlier this month.