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France's Iliad makes $4.2 billion bid for Polish telecom firm Play

Iliad, which has already agreed to buy 40% of Play from two shareholders, said it had now bid for all of the operator at 39 zlotys per share, a 38.8% premium to Play's Friday close

Topics
France | telecom sector | Poland

Reuters  |  PARIS 

By Geert De Clercq PARIS (Reuters) - France's Iliad moved to become Europe's sixth-largest mobile phone operator on Monday with plans to purchase Poland's Play in a 3.5 billion euro ($4.2 billion) deal. Iliad, which has already agreed to buy 40% of Play from two shareholders, said it had now bid for all of the operator at 39 zlotys per share, a 38.8% premium to Play's Friday close. It said the deal, its third move outside France after buying a minority stake in Ireland's eir and launching in Italy in 2018, gives Play an equity value of 2.2 billion euros and ...

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First Published: Mon, September 21 2020. 13:58 IST
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