Iliad now owns 96.7% of Play

23 Nov 2020

French telco group Iliad now holds 96.7% of the capital and voting rights of Poland’s second largest cellco by subscribers, Play (registered as P4). Thomas Reynaud, Chief Executive Officer of iliad, said: ‘We are glad that our public tender offer has been accepted by 96.7% of Play shareholders. Iliad wishes to support Play to expand its footprint in the Polish mobile market and facilitate Play’s entry into the fixed line services market to benefit both the retail and business market in Poland. This acquisition represents an important step for Iliad, which now has 42 million subscribers in Europe across France, Italy and now Poland.’

Poland, Iliad, Play (P4)