Iliad has entered into a series of agreements with Cellnex to form a strategic partnership with respect to the Group’s passive mobile telecom infrastructure in France and Italy.
In France, Iliad has entered into exclusive negotiations for the sale of 70 per cent of the company that manages its mobile telecom infrastructure equivalent to 5,700 sites. In Italy, Iliad Italia has signed an agreement for the sale of the entire capital of the company that manages its mobile telecom infrastructure equivalent to 2,200 sites. The initial cash consideration payable to the Group for this transaction amounts to €2 billion.
Thomas Reynaud, Iliad’s Chief Executive Officer, said: “This transaction is part of a long-term industrial strategy allowing us to accelerate rollout of our 4G and 5G networks and to increase Iliad’s investment leeway. This transaction supports the Group’s new growth and innovation cycle. It enables more efficient infrastructure roll-outs in the future while meeting the challenges of further increasing territory coverage.”