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Niel’s steel

30 July 2021 By Liam Proud

The French tycoon offered to buy the 29% of the telecom group he doesn’t already own at an 11 bln euro equity valuation. It’s well-timed: dividend-hungry investors have been spooked by Iliad’s rising 5G investments. Lowly valued rivals like Bouygues may look to do the same.

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