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Iliad sells telecommunication towers to Cellnex for € 2 billion

The Iliad Group sells its mobile network infrastructure to Cellnex Telecom, more precisely 70% of the telecommunication towers business in France and 100% of those installed in Italy. The deal had already been signed in May and in August the OK arrived to proceed from the French Competition Authority.

The Spanish company Cellnex Telecom is the largest wireless infrastructure operator in Europe. We would like to remind you that the iliad Group operates in France under the Free Mobile brand: the transaction between iliad and Cellnex concerns the 70% stake in Iliad TowerCo, the company that manages the Free Mobile transmission plants across the Alps.

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In the same transaction, iliad sells 100% of the company that manages the telecommunications towers in Italy to Cellnex, for a total of 2,200 sites. Amount collected by the Iliad Group of the French entrepreneur Xavier Niel of 2 billion euros, a substantial sum that the company will invest to accelerate the spread of 4G and 5G networks. Below is the official press release:

In accordance with the agreement signed on May 7, 2019, Iliad SA announces that it has finalized the implementation of its strategic partnership with Cellnex through the sale to the latter of 70% of the company that manages the passive infrastructures of mobile telecommunications in France, its passive infrastructure of mobile telecommunications in Italy. The amount received by the Iliad Group in relation to these transactions amounts to 2 billion euros.

Iliad aims at the banking sector, awaited for the FreeBank revolution

On Macitynet we followed the arrival of the new fourth national mobile operator starting from the advances, to the presentation of iliad Italia held in Milan, with insights on the iliad tariffs on offer launch from 5.99 euros per month for 30 GB plus unlimited calls and SMS, passing for Simbox shops and vending machines, upon signing the plan via the Internet with delivery of the iliad SIM at home, finally also with a tutorial on how to activate the iliad SIM once it is delivered to your home.

In November, iliad italia users exceeded 4.5 million: the operator continues to invest to expand its proprietary cellular network. In this article, the details of the offer from 50GB per month to 7.99 euros instead here the offers of Kena and Ho, virtual low cost operators respectively of TIM and Vodafone, introduced to counter the growing success of iliad in Italy.

All the macitynet articles that talk about iliad are available from this page.