The iliad Group has signed a memorandum of understanding with Altice France, alongside Bouygues Telecom and Orange, with a view to acquiring SFR.
If the acquisition goes ahead, it will be a major new step for Free’s growth in France. It would enable the iliad Group to sustainably strengthen its investment capacity, accelerate its innovation, and prepare for the extensive digital transformations that lie ahead, while maintaining strong market competition for the benefit of consumers. The planned transaction is subject to consultation with the relevant employee representative bodies and to regulatory clearance.
A strategic transaction for the iliad Group’s development in France.
- Over 8 million additional subscribers and 50 MHz more spectrum.
- Increasing Free's total subscribers in France to nearly 31 million.
- Making Free an even stronger challenger, benefiting consumers.
- Greater capacity to invest in France’s digital future.
- Fully secured financing.
- Making the iliad Group the E.U’s third-largest telco[1].
