|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.82 - 5.82|
|52 Week Range||5.12 - 8.18|
|Beta (3Y Monthly)||-0.32|
|PE Ratio (TTM)||16.24|
|Forward Dividend & Yield||0.04 (0.77%)|
|1y Target Est||N/A|
The latest earnings release Iliad SA's (EPA:ILD) announced in December 2018 revealed that the company faced a immense...
PARIS/MADRID (Reuters) - French tycoon Xavier Niel has agreed a 2.7 billion euro (2.3 billion pounds) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad. Iliad burnt through 1.44 billion euros in cash in 2018, twice as much as in 2017, and has lost half its market value over the last year. The deal by billionaire Niel, considered a maverick in France's telecoms sector, follows a similar one by French rival Bouygues Telecom in 2017 under which it sold about 3,000 mobile sites to Cellnex for 900 million euros.
Niel’s Iliad SA and Salt Mobile SA are together selling about 10,700 telecommunications masts to the Spanish tower operator, in three separate deals in France, Italy and Switzerland, the companies said in statements Tuesday. Shares of Iliad rose as much as 7 percent in Paris trading, while Cellnex surged 8.8 percent in Madrid. The proceeds will allow Iliad and closely-held Salt to cut debt and counter mounting competition across their markets by helping them finance network-building.
On July 23, 2014, French billionaire Xavier Niel, the founder of phone company Iliad SA, was busy putting the final touches on one of the most daring takeover offers in years when he received an email from a journalist he knew well. Five years later, parts of the private exchange with the Wall Street Journal reporter were made public by France’s markets regulator. The publication on Monday comes as the enforcement committee of Autorite des Marches Financiers criticized Iliad for delaying several days before telling markets about its interest in T-Mobile US Inc. The AMF fined the phone company 100,000 euros ($112,000), saying Iliad should have known the confidentiality of its offer was compromised when Niel was contacted by the newspaper.
At the heart of the case is a Eurostar trip between London and Paris five years ago where a former UBS investment banker Alexandre Zaluski caught glimpses of messages that popped up on his neighbor’s mobile phones. A Lazard Ltd. dealmaker on the train was working on an attempt by Iliad to take over T-Mobile US Inc., and was unknowingly also providing Zaluski a window into the deal. It was part of Zaluski’s job as an investment banker to share the tip with his UBS colleague and telecom sector specialist Christian Lesueur, the Autorite des Marches Financiers’ enforcement committee ruled.
Lombardini had an unfair advantage over other traders when he sold Iliad shares that he and his girlfriend owned just a few weeks before the $15 billion bid for a majority stake was made public, the enforcement committee of France’s markets regulator ruled. The contentious trades enabled Lombardini to avoid a loss of 185,768 euros for himself and 11,425 euros for his partner, the Autorite des Marches Financiers committee said Monday. Iliad and a lawyer for Lombardini declined to immediately comment.
France's AMF stock market regulator said it had fined telecoms group Iliad and Iliad's chairman, Maxime Lombardini, for incorrect financial communication regarding certain deals in 2014. The AMF's fines concerned Iliad's brief interest in T-Mobile U.S. in 2014 and to some share sales in July 2014. Iliad had denied any wrongdoing.
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Iliad SA (EPA:ILD) with a market-capitalization of €5.5b, rarely draw their attention. Surprisingly though, when accounted for risk, mid...
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! On 31 December 2018, Iliad SA (EPA:ILD) announced its latest earnings update. Overall...
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. Long term Iliad SA (EPA:ILD) shareholders know that all too well,Read More...
When Iliad entered the French market with its low-cost offering, it prompted the crippling price wars which are now weighing on all those firms’ profits. A reversal of that trend could help offset the pain of lost customers. It seems likely that those funds will be used to boost the company’s presence in Italy, where growth is faster than in France.
PARIS (Reuters) - Shares in French telecoms group Iliad fell on Tuesday, as concerns over its weak results overshadowed possible plans to sell part of Iliad's mobile assets. Iliad shares were down 3.7 ...
Imerys Talc America, the U.S. unit of French group Imerys SA, said it filed for bankruptcy because it lacks the financial clout to defend against nearly 15,000 lawsuits over its talc mineral product, which is also used in cosmetics. Imerys said that while it continued to believe the lawsuits are without merit, the prospect of rising settlement and defense costs over the next few years prompted the decision to file for bankruptcy. In July, a Missouri jury ordered J&J to pay a record $4.69 billion (3.65 billion pounds) to 22 women who said asbestos in talc caused ovarian cancer.
Imerys Talc America Inc, a supplier to healthcare conglomerate Johnson and Johnson Inc , said in a statement on Wednesday it was filing for Chapter 11 bankruptcy protection along with two subsidiaries. ...