By Mathieu Rosemain, Anna Koper and Geert De Clercq
PARIS/WARSAW (Reuters) - Iliad's move to buy Polish mobile group Play in a $4.2 billion deal got a cool reception from investors on Monday as the French company already faces heavy investments in France and Italy.
The surprise bid would allow Iliad, controlled by French tycoon Xavier Niel, to become Europe's sixth largest mobile operator, in a further expansion of the company's business outside France, where its low-cost mobile offers shook up the market nearly a decade ago.
Iliad has already bought a minority stake in Ireland's eir and launched in Italy in 2018.
Iliad's shares were down by 3% at 0941 GMT.
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