Iliad wins EU antitrust okay for $4 billion Polish telecoms deal

Guests waits before French telecoms operator Iliad the media conference in Milan
FILE PHOTO: Guests waits before French telecoms operator Iliad the media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini

October 27, 2020

BRUSSELS (Reuters) – French telecoms operator Iliad <ILD.PA> on Tuesday won EU antitrust clearance for its 3.5-billion-euro ($4.14 billion)acquisition of Polish mobile group Play <PLY.WA> as it stepped up its overseas expansion.

The European Commission’s decision published on its website confirmed a Reuters story on Oct. 14.

Iliad, Europe’s sixth-largest mobile operator, is controlled by French tycoon Xavier Niel and is present in Ireland and Italy.

Polish No. 1 mobile operator Play competes against Orange Polska <OPL.WA>, Deutsche Telekom’s <DTEGn.DE> T-Mobile and Polkomtel, a unit of Cyfrowy Polsat <CPS.WA>.

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)