HomeAccessIliad closes fibre deal with InfraVia

Iliad closes fibre deal with InfraVia

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French telco Iliad has closed the deal to sell part of its fibre business to InfraVia, a French private equity firm specialising in infrastructure.

Iliad values the business at โ‚ฌ600 million and under the agreement, which was first announced in September, InfraVia will take a 51% stake in Investissements dans la Fibre des Territoires (IFT). 

IFT was set up by Iliad for the purposes of the partnership and is focused on acquiring and operating the groupโ€™s co-financed fibre-to-the-home (FTTH) assets in less densely populated areas of France.

Strategic move

IFT will provide access and information services to Free, Iliadโ€™s mobile brand, but will also be able to provide the same services to other operators.

A statement from Iliad said, โ€œThis partnership with InfraVia is firmly in line with both the French national superfast broadband plan and Iliadโ€™s โ€˜2024 Odysseyโ€™ strategic plan.โ€

Iliad is targeting more than 4.5 million fibre subscribers by 2024, up from about 1.5 million in September last year.