Reports suggest that telco Vodafone and French operator Iliad are in talks to combine their respective Italian businesses.

Such a deal would create a business with a mobile market penetration of some 36 per cent and combined revenues of nearly €6 billion.

According to Reuters, Iliad is working with investment bank Lazard on a potential deal. The company has been reviewing expansion options, with the Italian telecoms sector subject to M&A speculation.

Dominant telco Telecom Italia is mulling a €10.8 billion takeover approach from US fund KKR which would take the company private.

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Categories: Articles, Business, M&A, Telco

Tags: italy, lliad, merger, Vodafone