Nytex

Iliad agrees to acquire Italy assets 

Iliad will acquire a portfolio of assets divested as a result of the planned 3 Italia/Wind merger in Italy, presuming the deal gets the go-ahead from the European Commission.
The French operator said it has brokered a deal with CK Hutchison and VimpelCom, parent companies of 3 Italia and Wind respectively, to acquire the spectrum and base station sites they have offered to sell as part of a remedy package presented to Brussels.
The deal is a "unique opportunity" for Iliad to enter the Italian market, the telco said.The remedy package would enable the Iliad group to offer competitive mobile services and to become a fourth mobile network operator with nationwide coverage. Iliad has agreed to pay €450 million between 2017 and 2019 for 35 MHz of paired spectrum suitable for 3G and 4G services. The spectrum comprises 5 MHz of 900-MHz airwaves, and 10 MHz each of 1800-MHz, 2.1-GHz and 2.6-GHz frequencies.