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Telecom Italia in talks with France's Iliad to sell French broadband unit

Telecom Italia in talks with France's Iliad to sell French broadband unit

Telecom Italia said Monday that it was in exclusive talks with the French broadband provider Iliad SA to sell its French broadband unit valued at euro800 million (US$1.2 billion).
The sale of Alice France is part of efforts by Telecom Italia's new management, which took over in December, to reduce debt and focus on expanding in core domestic and international markets. Telecom Italia's debt is about euro35 billion (US$55 billion).
The sale is expected to be concluded by the end of September, Telecom Italia said in a statement.
(cb)


Updated : 2021-03-02 16:36 GMT+08:00