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Wireless

Iliad prepares Italian entry with EUR 350 mln capital hike

Friday 3 February 2017 | 10:59 CET | News
The Italian subsidiary of France's Iliad has approved a EUR 350 million capital increase to pave the way for the launch of its mobile venture in Italy, reports Milano Finanza. The capital hike was confirmed before a Rome notary during an extraordinary general meeting of Iliad Holding, the parent of Iliad Italia set up in September 2016. The new capital will be used to acquire radio frequencies in the 900 MHz, 1800 MHz, 2100 MHz and 2600 MHz bands, plus several thousand mobile base station sites, from Wind and 3 Italia, said the report.

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Categories: Mobile & Wireless
Companies: 3 Italia / Fastweb / Iliad / Vimpelcom / Wind
Countries: Italy
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