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Iliad abandons its deal with TIM, which plummets on the Milan Stock Exchange. Revenues grew 3,8% in the first half of the year.

The French company, which is not listed, is mainly interested in the domestic market and in particular in its compatriot Stf

Iliad abandons its deal with TIM, which plummets on the Milan Stock Exchange. Revenues grew 3,8% in the first half of the year.

From the presentation of the accounts of Iliad bad news is coming for Telecom Italy: the French operator declared that it had negotiations interrupted for a fusion with the Italian operator and to have abandoned this possibility. Business Square il Telecom Italia title reacts with a sharp drop: shortly after midday it loses 8,31% to 0,4162 euros, while it had opened at 0,4547 euros.

The French telecommunications group will evaluate opportunities for consolidation on the domestic market, But it will not pursue further negotiations with Telecom Italia, its CEO Thomas Reynaud stated. "There have been no discussions with Telecom Italia since the beginning of April and they will not resume," the CEO said at a press conference. "The prospects of consolidation in Italy are now behind us, and the central hypothesis is a four-operator market."

Illiad's revenues increased 3,8% in the first half of the year. Interest in its compatriot Stf

The Iliad group recorded an increase in 3,8% of half-year revenues at 5,09 billion euros, driven by a performance stable in France and from the continuation customer growth in ItalyEBITDA also increased, from €1 billion at June 859, 30, to €2024 billion (+2%).

Iliad, an unlisted company, is mainly looking at consolidation in its domestic market, as a possible spin-off of the SFR rival from its struggling parent company, Altice, would reduce the number of mobile network operators in France from four to three.

In France, subscribers to the Free brand remained stable at 23,1 million. The Poland gained 100.000 customers, reaching 15,5 million, while Italy added 505.000 net new subscribers, bringing its customer base to 12,5 million. Reynaud He emphasized that the discussions regarding SFR, the subject of sale speculation, represent "an opportunity to grow our model, the Free model, to a greater number of French people." The CEO confirmed that there were "very preliminary discussions" with competitors in June, adding that if "one of our three competitors were for sale, it would obviously be our responsibility to evaluate the matter."

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