Iliad to sell French and Italian mobile towers to Cellnex for €2bn

By Bruno Reis

The French telecommunications provider, Iliad, has entered agreements with the Spanish telco, Cellnex.

As part of the agreements, Iliad has entered negotiations for its passive mobile telecom, Iliad TowerCo, infrastructure in both France and Italy.

The company is negotiating the sale of the 70% that manages its mobile telecom infrastructure equivalent to 5,700 sites in France with Cellnex. Iliad would keep 30% ownership of Iliad TowerCo.

The firm’s Italian subsidiary has signed a deal to sell the entire capital that manages its mobile telecom infrastructure equivalent to 2,200 sites.

SEE ALSO:

The initial proceeds of the agreement have been valued at €2bn (US$2.24bn).

“This transaction is part of a longterm industrial strategy allowing us to accelerate rollout of our 4G and 5G networks and to increase Iliad’s investment leeway,” stated Thomas Reynaud, Chief Executive Officer of Iliad.

“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.”

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy