Xavier Niel to acquire the remaining stake in iliad in a $3.7bn deal.

Xavier Niel, the founder of iliad, offered to acquire the remaining stake in iliad, a provider of telecommunication services, in a $3.7bn deal. “I founded iliad in 1999 and I’m very proud of what the Group has grown into and the value it has created for all of its shareholders. Iliad is now entering a new phase in its development, requiring rapid changes and major investments which will be easier to undertake as an unlisted company. Our ambition for iliad is to accelerate its growth to make it a leading telecommunications player in Europe," Xavier Niel, iliad Founder and CEO.