French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.5% stake in Britain's Vodafone through an investment vehicle.
Xavier Niel, founder of French broadband Internet provider Iliad, arrives for a hearing on the concentration of media ownership in the country, at the French Senate in Paris, France, February 18, 2022. REUTERS/Sarah Meyssonnier/File PhotoLONDON, Sept 21 - French billionaire telecoms executive Xavier Niel, the founder and majority owner of Iliad, has bought a 2.
Vodafone in February rejected an 11.25 billion euro offer for its Italian business from Iliad and Apax Partners, saying it was not in the best interest of its shareholders. Italy, which has been one of the most competitive markets in Europe since Iliad's entry in 2018, has been identified by Vodafone as a territory that would benefit from consolidation.
Niel has telecoms investments in nine countries in Europe with nearly 50 million active subscribers and more than 10 billion euros of revenue, Atlas said.Register now for FREE unlimited access to Reuters.com
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Xavier Ramos Rejoins Interscope as EVP of Pop & Rock MarketingRamos comes to the label from FaZe Clan, where he’s worked for the last four years.
Read more »
HHS Secretary Xavier Becerra gets updated COVID booster shot in New York CityHHS Secretary Xavier Becerra got his updated COVID booster shot in New York City on Monday. Doctors say the booster is the biggest development since the original vaccine came out. JohnBDias reports.
Read more »
Thugs beat California woman, steal her pregnant $7,000 French bulldogChilling surveillance video captured the moment two armed men stole a 10-month-old French bulldog after injuring the pooch’s owner in California
Read more »
French Outerwear Specialist Aigle Names New CEOValérie Dassier has been appointed chief executive officer of French outerwear specialist Aigle.
Read more »
Breakingviews - Collapsed French merger sends bad TV signalA French attempt to join forces against video streaming giant Netflix has fallen flat. “Top Chef” channel M6 , controlled by Germany’s RTL , and Bouygues-backed rival TF1 announced in May 2021 they were planning a merger. With 3.4 billion euros of combined revenue, the tie-up was meant to create a French TV leader. Yet the companies abandoned the deal on Friday after domestic antitrust rules proved unsurmountable.
Read more »
French-inspired online bakery to open 1st physical store in N.J.The bakery will offer pastries, breads, signature cakes, donuts, pies and more
Read more »