Announced on January 18th by Free's parent company, the acquisition of 75% of the capital of the French company Jaguar Network will enable the operator to strengthen its offers on the B2B market. These shares, previously held by the Naxicap investment fund, were sold for just under €100 million.
"This transaction is an important step for Iliad in its development strategy to address the corporate market by leveraging the very strong expertise and complementarities between the two groups and by partnering with a recognized entrepreneur," said Free's management after the acquisition.
This takeover should enable Iliad to develop its national network of data centers in order to increase its capacity to provide technical support to companies. However, this operation should not change the organization chart of the operator and host Cloud Jaguar Network since the company remains managed by its founder, Kevin Polizzi, who remains a shareholder with 25% of the capital.
Source : ZDNet