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General

Iliad acquires 30% stake in drone pilot service provider Instadrone

Thursday 25 June 2020 | 09:48 CET | News
Iliad announced the acquisition of a 30 percent minority stake in one of its suppliers, marking its first investment under the Solid-19 initiative. Unveiled in April, this programme earmarked an initial tranche of EUR 10 million to support Iliad's small-business suppliers and subcontractors in need of help during the Covid-19 crisis. Around a dozen businesses have already applied to the Solid-19 support fund, half of which are in advance talks with Iliad. Drone pilot service provider Instadrone has been selected after working closely with Iliad's subsidiary Free Mobile for several years.

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Categories: General
Companies: Iliad
Countries: France
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