Undeterred by Vodafone’s rebuff, Iliad is now set to chart its course independently, pivoting towards a standalone strategy to navigate the competitive telecom terrain.
Market Reaction
As news of Vodafone’s rejection reverberated through the financial markets, shares in the telecom juggernaut witnessed a palpable dip, shedding 3.49% in early trading. Meanwhile, Iliad’s stock held steady on the Euronext Paris exchange, maintaining its position at €182.00.
Past Endeavors
This isn’t the first time Iliad has set its sights on Vodafone’s Italian assets. In a bold move back in 2022, Iliad launched a formidable bid of €11 billion for Vodafone’s Italian business, yet this endeavor also culminated in disappointment.
Counsel representing the involved parties remained elusive for immediate comment, leaving industry analysts scrambling to decipher the intricacies of this corporate showdown.
