{"id":63294,"date":"2023-12-18T11:36:29","date_gmt":"2023-12-18T11:36:29","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=391078"},"modified":"2023-12-18T11:36:29","modified_gmt":"2023-12-18T11:36:29","slug":"iliad-pitches-italy-joint-venture-to-vodafone","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/12\/18\/iliad-pitches-italy-joint-venture-to-vodafone\/","title":{"rendered":"Iliad pitches Italy joint venture to Vodafone"},"content":{"rendered":"<p>Iliad Group outlined a proposal to combine its operation in Italy with Vodafone\u2019s local unit, offering \u20ac6.5 billion in cash as part of the deal alongside a 50 per cent stake in the newly formed venture.<\/p>\n<p>The suitor pinned the value of Vodafone Italy at almost \u20ac10.5 billion, with its unit in the country worth around \u20ac4.5 billion. It proposed both parties take out a shareholder loan of \u20ac2 billion to \u201censure long-term alignment\u201d and plans to gain \u20ac500 million in cash from the deal.<\/p>\n<p>Iliad claimed the pitched 50\/50 venture, currently dubbed NewCo, would bring together Iliad\u2019s approach to connectivity, affordability and inclusivity with Vodafone\u2019s B2B expertise.<\/p>\n<p>The operator group&#8217;s CEO Thomas Reynaud added: \u201cThe market context in Italy calls for the creation of the most innovative telecom challenger, with ability to compete and create value in a competitive environment. We believe that the profiles and complementary expertise of Iliad and Vodafone in Italy would allow us to build a strong operator with the ability and financial strength to invest for the long term.&#8221;<\/p>\n<blockquote id=\"quote-block\" \n<p>     class=\"not-prose clear-both my-6 inline-block border-l-[6px] border-mwl-ui pl-0 not-italic dark:border-white\"><\/p>\n<div class=\"pl-6\">\n        <img decoding=\"async\" alt=\"Quote Icon\"\n            class=\"!mb-1\"\n            loading=\"lazy\"\n            src=\"https:\/\/www.mobileworldlive.com\/wp-content\/themes\/theme_mobileworldlive23_f6b2cc5\/assets\/img\/icon\/quoteIcon.svg\" \/><\/p>\n<p class=\"heading-2xl !my-4\">\n            The profiles and complementary expertise of Iliad and Vodafone in Italy would allow us to build a strong operator with the ability and financial strength to invest for the long term\n        <\/p>\n<p>        <span class=\"block text-xs font-medium uppercase dark:text-white\"><br \/>\n            Thomas Reynaud<br \/>\n        <\/span><br \/>\n        <span class=\"block text-xs uppercase text-mwl-ui-400\"><br \/>\n            Iliad Group CEO<br \/>\n        <\/span>\n    <\/div>\n<\/blockquote>\n<p>Iliad pointed to the fact its offer provided \u201cboth value and cash&#8221; while meeting \u201cVodafone\u2019s publicly stated intention to transform and simplify the group.\u201d<\/p>\n<p>The proposal includes a call option for Iliad to increase its stake in the JV.<\/p>\n<p><strong>Tight-lipped<br \/><\/strong>In its statement, Vodafone did not refer to the specifics of the offer, simply reiterating it was \u201csupportive of in-market consolidation in countries where it is not achieving appropriate returns on invested capital,\u201d adding it was \u201cexploring options with several parties to achieve this in Italy, including through a merger or a disposal.\u201d<\/p>\n<p>Vodafone also cautioned there was \u201cno certainty that any transaction will ultimately be agreed\u201d.<\/p>\n<p>The UK-based company&#8217;s business in Italy is currently the subject of a Group-level review, with media raising <a href=\"https:\/\/www.mobileworldlive.com\/vodafone\/swisscom-unit-reportedly-in-frame-for-vodafone-italy-deal\/\">several names as potentially in the frame<\/a>. However, Iliad has regularly been linked and has previously offered to <a href=\"https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/iliad-prepared-to-pay-e11b-to-seal-vodafone-italy-deal\/\">buy Vodafone out of the market outright<\/a>. \u00a0<\/p>\n<p>If agreed, a deal in Italy would be Vodafone&#8217;s third major European deal in progress, with the company <a href=\"https:\/\/www.mobileworldlive.com\/home-banner\/vodafone-finally-strikes-3-uk-merger\/\">currently trying<\/a> to combine its business in the UK with local rival 3 and <a href=\"https:\/\/www.mobileworldlive.com\/vodafone\/vodafone-inks-spain-sale-deal\/\">sell-up in Spain<\/a>.<\/p>\n<p>GSMA Intelligence connection estimates for Q3 2023 have Vodafone and Iliad\u2019s Italy units as the third and fourth largest of five operators, with 17.5 million and 10.5 million, respectively. Combining their bases would propel them above Telecom Italia (18.2 million) and Wind Tre (19.6 million) by this metric.<\/p>\n<p>The post <a href=\"https:\/\/www.mobileworldlive.com\/vodafone\/iliad-pitches-italy-joint-venture-to-vodafone\/\">Iliad pitches Italy joint venture to Vodafone<\/a> appeared first on <a href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic 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<br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<p>Iliad Group outlined a proposal to combine its operation in Italy with Vodafone\u2019s local unit, offering \u20ac6.5 billion in cash as part of the deal alongside a 50 per cent stake in the newly formed venture.<\/p>\n<p>The post <a href=\"https:\/\/www.mobileworldlive.com\/vodafone\/iliad-pitches-italy-joint-venture-to-vodafone\/\">Iliad pitches Italy joint venture to Vodafone<\/a> appeared first on <a href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n","protected":false},"author":129,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[22],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,112,40,75,95,104,33,120,105,101,98,115,30,29,41,86,70,69,68,72,71,26,118,108,87,46,55,48,52,54,51,50,83,62,58,57,109,35,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,119,28,121,32,47,49,53,103,31,76],"class_list":["post-63294","post","type-post","status-publish","format-standard","hentry","category-mobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-bbc-sport","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-champions-league","tag-cyberpunk","tag-cyberpunk-2077","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-ios","tag-ipad","tag-iphone","tag-live-soccer","tag-lol","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/63294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/129"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=63294"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/63294\/revisions"}],"predecessor-version":[{"id":63295,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/63294\/revisions\/63295"}],"wp:attachment":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/media?parent=63294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/categories?post=63294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/tags?post=63294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}