Iliad to acquire Play Communications for $4.2bn.

Iliad, a mobile phone operator, agreed to acquire Play Communications, a cellular network in Poland, for $4.2bn. Two reference shareholders of Play have already signed an agreement for the stake sale at the same price. “This excellent alliance constitutes a newgrowth driver for the iliad Group and gives it access to one of Europe’s high-potential telecom markets. Pooling the expertise of Play’s and iliad’s teams will reinforce the iliad Group’s fundamentals through a combination of growth and innovation. The transaction will make iliad the sixth-largest telecom operator in Europe. Fully committed to implementing its Odyssey 2024 Plan, iliad is a solid group that is pursuing its expansion with confidence,” Thomas Reynaud, Iliad CEO.