[iliad press release] Close of the transaction relating to passive mobile infrastructure in Poland
01 Avril 2021 - 07:30AM
[iliad press release] Close of the transaction relating to passive
mobile infrastructure in Poland
Press Release
Paris, April 1, 2021: 7:30 a.m.
Close of the transaction relating to passive mobile
infrastructure in Poland
financial release
Pursuant to the agreement entered into with
Cellnex announced on October 23, 2020, iliad S.A. has now completed
the extension of its industrial partnership with Cellnex by selling
to this latter a 60% stake in the company that manages its passive
mobile telecommunications infrastructure in Poland. The amount
received by the iliad Group for this sale is approximately €0.8
billion before tax.
Thanks to this partnership with Cellnex, Play
has strengthened its capex capacity, enabling it to enter a new
growth cycle by (i) deploying and purchasing 5G frequencies, (ii)
densifying its mobile network to support growth in usages, and
(iii) pursuing its objective of entering the fixed market.
About the iliad Group
iliad is the parent company of Free, the
inventor of the Freebox, the first multiservice box on ADSL. Free
is behind numerous innovations in the Broadband and Ultra-Fast
Broadband access segment (VoIP, IPTV, flat-rate calling plans to
multiple destinations, etc.) and provides straightforward and
innovative offerings at the best prices. Since January 2012, Free
has brought mobile phone usage within everyone’s reach with
straightforward, no-commitment offerings at very attractive prices.
As at December 31, 2020, Free had more than 20 million subscribers
in France (6.7 million Broadband and Ultra-Fast Broadband
subscribers and 13.4 million mobile subscribers). On May 29, 2018,
the Group launched its mobile network in Italy under the iliad
brand, becoming the country’s fourth operator, and had over 7.2
million subscribers at December 31, 2020. With the acquisition of
Play, the leading mobile network operator in Poland, it has become
the sixth largest mobile operator in Europe by number of
subscribers (excluding M2M).
Find out more at:
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Contacts:
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