Iliad SA (ILD.PA)
18 May 2018
LONDON (Reuters Breakingviews) - France’s top telecom regulator Sebastien Soriano has had a change of heart and is willing to countenance deals. But it will take more than his blessing for potential buyers, such as Bouygues, to bid for Altice or Iliad.
* Bouygues Telecom has said can prosper on its own (Recasts with share price, deputy CEO comments)
* Company promotes CFO to chief executive (Recasts, adds executive quotes, background, shares)
PARIS, May 15 Iliad, the French telecoms group behind the popular "Free" brand and whose low-cost offers have shaken up competition within the sector, posted a slight rise in first-quarter sales and slightly raised its spending targets.
PARIS French telecoms company Iliad has named Thomas Reynaud as its new chief executive, the company said in a statement on Monday, as the firm reorganizes its top management.
PARIS, May 14 French telecoms company Iliad has named Thomas Reynaud as its new chief executive, the company said in a statement on Monday, as the firm reorganises its top management.
* TRANCHE 1: EUR 500 MILLION WORTH OF 3.5-YEAR BONDS (MATURING ON NOVEMBER 25, 2021), WITH AN ANNUAL COUPON OF 0.625%.
The following factors could affect Italian markets on Monday.
* M6 Group and Free welcome the signing of a new comprehensive agreementfor the distribution of M6 Group channels and their related services to Free subscribers
** French fund manager Comgest is sticking with Zara fast-fashion chain owner Inditex despite currency-related share price weakness in Jan and Feb