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Wireless

Iliad pays initial EUR 50 mln for Wind Tre assets

Friday 1 September 2017 | 10:14 CET | News
French operator Iliad has made "significant progress" in its preparations for launching mobile operations in Italy, recruiting a local team, building up network capacity and negotiating contracts, according to the company's H1 results statement. Iliad said it invested EUR 58 million in Italy during the first six months of the year, including EUR 50 million for the frequencies purchased from Wind-Tre following the merger between CK Hutchison and VimpelCom's Italian units. The French company added that the remaining EUR 400 million due to Wind Tre for the frequencies will be paid in 2018 and

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Categories: Mobile & Wireless
Companies: Iliad / Telecom Italia / Vimpelcom / Wind Tre
Countries: Italy
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