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EU To OK Iliad €3.5B Polish Telecoms Deal

 |  October 14, 2020

French telecom operator Iliad is poised to secure EU antitrust clearance for its €3.5 billion (US$4.11 billion) takeover of Polish mobile group Play, reported Reuters

Iliad, Europe’s sixth-largest mobile operator, is controlled by French tycoon Xavier Niel and has been expanding steadily outside its home market in recent years, including in Ireland and Italy.

Play, which competes against Orange Polska, Deutsche Telekom’s T-Mobile, and Polkomtel, a unit of Cyfrowy Polsat, has become the top Polish mobile operator by number of users through an aggressive pricing strategy.

There has been a wave of telecom sector consolidation in recent months as providers bulk up to cope with the costly rollout of 5G technology and to compete with tech rivals in the provision of online communications services.

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