Iliad says final offer for Vodafone Italia rejected

(ANSA) - ROME, JAN 31 - French telecommunications group Iliad said Wednesday that Vodafone had turned down its proposal to merge the two companies' Italian subsidiaries.
    In December Iliad proposed creating a 50/50 joint venture in a offer that valued Vodafone Italia at 10.45 billion euros and its Italian operation at 4.25 billion.
    "The iliad Group is confident that the offer presented was the best possible business combination to benefit a struggling Italian market and telecommunications industry," it said.
    "Iliad Italia will therefore pursue its stand-alone strategy building-on its great track record: more than 10.5 million mobile subscribers since its launch in May 2018; market leader in broadband net adds among the 5 main operators; more than €1.0 billion revenues in 2023 with an OFCF at break-even levels.
    "The iliad Group will continue to strengthen its positions in Italy and fiercely pursue market share gains across all segments". (ANSA).