Weather
7 ° C
7°C
Northerly°C
Clear Sky
Breaking News

9 new cases of Covid-19 were confirmed in Monaco on Friday, bringing the total to 42, including 1 who is now cured

Monaco Telecom owner target’s Ireland’s biggest telecoms company

Monaco Telecom owner target’s Ireland’s biggest telecoms company

By Staff Writer - December 10, 2017

Xavier Niel. Photo: Flickr TNS Sofres
Xavier Niel. Photo: Flickr TNS Sofres

Flamboyant entrepreneur Xavier Niel – often described as France’s most influential person – is close to finalising a deal to take a majority holding in Eir, Ireland’s biggest telecoms company.

Neil, who in 2014 bought the majority stake in Monaco Telecom previously owned by Cable & Wireless Communications, is expected to take a stake of 90 percent currently held by US funds Anchorage Capital and Davidson Kempner and Singapore’s GIC.

The deal would value the former state-owned company at €1.5 billion. The transaction is expected to close by the end of the year. The sale would be the sixth change of ownership since 1999.

Niel, 50, is the man behind Iliad, the internet service provider and owner of France’s Free mobile service. In addition to his holding in Monaco Telecom, he is also co-owner of the French newspaper Le Monde. He is said to be close to Silicon Valley entrepreneurs Mark Zuckerberg and Elon Musk.


READ ALSO 

Prince inaugurates MonacoTech

shares
SHARE
Previous articleBicentennial of Carabiniers comes to close, Prince receives special gift
Next articleA Christmas for all tastes with the Ballets de Monte-Carlo

daily

March 27, 2020 | Lifestyle & Wellbeing

Video sermons in English

Cassandra Tanti

St. Paul’s Anglican Church has started making online videos of their weekly sermons in English, so parishioners don’t have to miss out during the lockdown.

0
March 26, 2020 | Lifestyle & Wellbeing

Council asks for markets to remain open

Cassandra Tanti

The National Council says it wants to keep the Condamine and Monte-Carlo markets open, despite the closure of all food markets this week across France.

0
March 26, 2020 | Lifestyle & Wellbeing

Psychologists to join call centre

Stephanie Horsman

The government has added psychologists to the team at Monaco’s Covid-19 call centre as a growing number of people seek advice on how to cope with isolation and fear.  

0
March 25, 2020 | Lifestyle & Wellbeing

Extra coronavirus hospital needed now, says council

Cassandra Tanti

The National Council is calling on the Prince’s government to create a makeshift hospital in preparation for a surge in coronavirus cases in the Principality.

0