Saturday, 10 December 2016

France's Niel snaps up Monaco Telecom for €322 million

By Mary Lennighan, Total Telecom
Friday 25 April 14

Deal marks Cable & Wireless Communications' second attempt to divest its Monaco Telecom stake.

French businessman Xavier Niel has agreed to acquire a 55% stake in Monaco Telecom from Cable & Wireless Communications for €321.8 million (US$445 million). Niel, founder and owner of France's Iliad and its disruptive mobile operator subsidiary Free Mobile, brokered the deal through a private investment vehicle…

French businessman Xavier Niel has agreed to acquire a 55% stake in Monaco Telecom from Cable & Wireless Communications for €321.8 million (US$445 million). Niel, founder and owner of France's Iliad and its disruptive mobile operator subsidiary Free Mobile, brokered the deal through a private investment vehicle…

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