This content is not available in your region

French telecoms group Iliad pays 1.19 billion euros for Italy 5G frequencies

Access to the comments Comments
Text size Aa Aa

PARIS (Reuters) – French telecoms group Iliad said it paid 1.19 billion euros (£1.08 billion) to buy 5G mobile phone frequencies for Italy, a market it entered this year as it grappled with tougher competition in France.

Italy is one of the first countries in Europe to offer frequencies for 5G services, allowing operators to roll out ultra-fast internet connections to Italian homes and businesses.

Iliad, which has been losing ground in its home market, entered the Italian market in May and has been winning clients, putting pressure on the country’s biggest phone group Telecom Italia and the other operators, Vodafone and Wind Tre.

(Reporting by Sudip Kar-Gupta; Editing by Susan Fenton)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.