Iliad wins EU antitrust okay for $4 billion Polish telecoms deal
Reuters
Published Oct 27, 2020 06:32AM ET
BRUSSELS (Reuters) - French telecoms operator Iliad (PA:ILD) on Tuesday won EU antitrust clearance for its 3.5-billion-euro ($4.14 billion)acquisition of Polish mobile group Play (WA:PLY) as it stepped up its overseas expansion.
The European Commission's decision published on its website confirmed a Reuters story on Oct. 14.
Iliad, Europe's sixth-largest mobile operator, is controlled by French tycoon Xavier Niel and is present in Ireland and Italy.
Polish No. 1 mobile operator Play competes against Orange Polska (WA:OPL), Deutsche Telekom's (DE:DTEGn) T-Mobile and Polkomtel, a unit of Cyfrowy Polsat (WA:CPS).
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Written By: Reuters
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