[iliad press release] iliad’s friendly public tender offer for the Polish telecom operator, Play, is a success, with iliad ...
20 Novembro 2020 - 11:16AM
[iliad press release] iliad’s friendly public tender offer for the
Polish telecom operator, Play, is a success, with iliad now holding
96.7% of Play’s capital and voting rights
Press Release
Paris, november
20, 2020
iliad’s friendly public tender offer for the Polish telecom
operator, Play, is a success, with iliad now holding 96.7% of
Play’s capital and voting rights
financial communications
The iliad Group is delighted to announce the
success of its public tender offer for the Polish telecom operator,
Play. Following the settlement of the offer – the results of which
have just been publicly disclosed – iliad will own 246,131,028 Play
shares, representing 96.7% of Play’s capital and voting rights.
Play’s Board of Directors has been reorganized
to reflect iliad’s acquisition of control over the company, and it
now includes six directors put forward by iliad and three
independent directors.
The settlement-delivery of the offer will take
place on November 25, 2020.
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”.
Jean-Marc Harion, Chairman of Play’s Management
Board, said: “We are delighted with the resounding success of the
tender offer. This new chapter in Play’s history comes on the back
of 15 years of exceptional growth, which has made it Poland’s
leading mobile operator with over 15 million subscribers. I would
like to express my heartfelt thanks to our 2,800 employees who have
helped Play reach such a high level of excellence. We, in Play, are
proud to become part of the 6th biggest operator in
Europe.”
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.) and provides 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, 2020, Free had over 20 million subscribers in
France (6.7 million Broadband and Ultra-Fast Broadband subscribers
and 13.5 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 6.8 million
subscribers at September 30, 2020. Following the acquisition of
Play - the leading operator in the Polish mobile market - the Group
has become the sixth-largest mobile telecom operator in Europe.
To find out morewww.iliad.fr/en
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Contacts
Investor Relations:
ir@iliad.frPress Relations:
presse@iliad.fr
Exchange: Euronext Paris |
Market
place: Eurolist A of Euronext Paris (SRD) |
Ticker symbol: ILD |
ISIN: FR0004035913 |
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