Report

Iliad : Can we rule out the scenario of a delisting?

>Reorganisation of Niel's interest and pledge of securities  - Xavier Niel announced on 5 September that he had finalised the transfer of his interest to a holding company (Holdco), a transaction that was initially announced in May. The statement added that the holding company has pledged 14.8m shares out of the 30.8m he holds (half of the 29.6m held in Holdco) in order to “strengthen its liquidity and diversify its sources of funding”. The auditors’ report states tha...
Underlying
Iliad

Iliad is an operator in the French internet access & telecommunications markets. Co. divides its operations into three business segments: Broadband, Traditional Telephony, and Retail Telecom. Broadband includes Internet service provider operations, hosting services, user assistance operations & operations related to the rollout of the FTTH (fiber-to-the-home) network. Traditional Telephony includes switched landline telephony (One.Tel and Iliad Telecom), directory services (mainly the ANNU reverse look-up directory accessible by Minitel, telephone, Internet and SMS text messaging) and e-commerce operations (Assunet.com). Retail Telecom offers various mobile phones & services to customers.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Matthias Desmarais
  • Matthias Desmarais

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