[Iliad Press Release] Closing of the partnership deal with InfraVia for fiber in France
28 Fevereiro 2020 - 1:57PM
[Iliad Press Release] Closing of the partnership deal with InfraVia
for fiber in France
Paris, February 28, 2020
Closing of the partnership deal with InfraVia for fiber in
France
Today, in line with the agreement announced on September 3, 2019,
Iliad S.A. closed its strategic partnership deal with InfraVia (a
French private equity firm specialized in infrastructure) through
the sale of 51% of Investissements dans la Fibre des Territoires
("IFT") to InfraVia based on a 100% enterprise value of around €600
million.
Formed specifically for the purpose of this partnership, IFT is a
company dedicated to actively managing fiber lines. In particular,
it is tasked with acquiring and operating the Group’s co-financed
FTTH tranches outside very densely populated areas of France. As
part of a very long-term service agreement, IFT provides Free with
all access and information services for the co-financed sockets
concerned and will also be able to offer the same services to
third-party operators.
This partnership with InfraVia is firmly in line with both the
French national superfast broadband plan (France Plan Très Haut
Débit) and Iliad’s “2024 Odyssey” strategic plan. The Group now has
coverage in all the regions of Metropolitan France and is aiming to
have around 30 million connectible sockets by 2024. As a
long-standing partner of local municipalities, Free is already
marketing its Fiber offers on 23 Public Initiative Networks
(“PINs”) and, thanks to its new partnership with InfraVia, it will
be able to increase its investments alongside those networks in
order to reinforce its coverage footprint across the whole of
France. With a target of over 4.5 million fiber subscribers by
2024, the Group’s clearly-stated aim is to cement its position as
the leading alternative operator for fiber throughout France.
About Iliad
Iliad is the parent company of Free, the inventor of the Freebox,
the first multiservice box on ADSL. Free is behind numerous
innovations in the Broadband and Ultra-Fast Broadband access
segment (VoIP, IPTV, flat-rate calling plans to multiple
destinations, etc.), proposing straightforward and innovative
offerings at the best prices. Since January 2012, Free has brought
mobile phone usage within everyone's reach with straightforward,
no-commitment offerings at very attractive prices. As at September
30, 2019, Free had nearly 20 million subscribers in France (6.4
million Broadband and Ultra-Fast Broadband subscribers and 13.3
million mobile subscribers). On May 29, 2018, the Group launched
its mobile network in Italy under the Iliad brand, becoming the
country’s fourth operator, and had over 4.5 million subscribers at
September 30, 2019.
Exchange: Euronext Paris
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Market place: Euronext Paris, compartiment A
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Ticker symbol: ILD
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ISIN: FR0004035913
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FTSE classification: 974 Internet
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