EU antitrust regulators will decide by Oct. 26 whether to clear French telecoms operator Iliad’s 3.5-billion-euro ($4.1 billion) bid for Polish mobile group Play, a filing on the European Commission’s website showed on Tuesday (23 September).
The deal would make Iliad, controlled by French tycoon Xavier Niel, Europe’s sixth-largest mobile operator, marking its continued expansion outside France.
The Commission can either clear the deal with or without concessions or it can open a four-month investigation if it has serious concerns. Iliad sought EU approval for the deal on Monday.
Play is the No. 1 mobile operator in Poland with a 29% market share of users, thanks to its aggressive prices and a strategy similar to Iliad, whose low-cost mobile offers shook up the French market nearly a decade ago.