Iliad closes in on Play deal - Mobile World Live

Iliad closes in on Play deal

23 NOV 2020

Iliad Group all but sealed an acquisition of Play, announcing the Polish operator’s shareholders accepted its public tender offer and the board of directors had been reorganised the reflect the new ownership structure.

In a statement, Iliad said it will own 96.7 per cent of Play’s capital and voting rights, with the deal to be confirmed later this week.

Play shook up its board of directors to reflect Iliad’s control over the company, which now includes six directors put forward by the French group and three independent directors.

The directors were not revealed in the statement.

Completion of the deal was expected to be imminent after the European Commission (EC) cleared the transaction last month, finding no competition concerns.

Iliad first announced the €3.5 billion deal in September, in a move it said will expand its footprint in Poland and ease Play’s entry into the fixed-line market.

Jean-Marc Harion, chairman of Play’s board, said the deal marked a new chapter in the operator’s history and would help propel it to “become part of the sixth-biggest operator in Europe”.



Kavit Majithia

Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >>

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