Iliad’s Polish subsidiary Play has secured funs totalling PLN5.5 billion (€1.2 billion) to partially fund the acquisition of Liberty Global’s UPC Polska.
Iliad’s controlling shareholder Xavier Niel now owns more than 90% of its shares and voting rights.
Liberty Global has agreed to sell 100% of its operations in Poland to Iliad’s Polish subsidiary Play for PLN7 billion (€1.52 billion).
Liberty Global has revealed it recently received a non-binding offer from Iliad to buy 100% of its Polish operation UPC Polska for PL7.3 billion (€1.6 billion).
The Iliad-owned Polish operator Play has announced a new executive team, effective April 1.
The Polish mobile operator Play generated revenues of €200 million between becoming part of France’s Iliad Group on November 18, 2020 and the end of last year.
Iliad has posted revenues of €1,252 million for the third quarter in its home market France.
Cellnex has agreed with Iliad to buy a 60% stake in a network of around 7,000 sites belong to Play in Poland.
Poland’s Play Communications has accepted an offer from iliad, the operator of the French platform Free for the acquisition of 100% shares in the company.
The €3.5 billion of Irish telco Eir by the French private investment firm has been completed.