Iliad takes a bite of Irish telco Eir

French operator Iliad has teamed up with its founders private investment vehicle, NJJ, to buy a majority stake in Ireland’s largest telco, Eir.
As part of the new deal, Iliad will pay roughly €320 million to acquire 31.6% of Eir, while NJJ will take 32.9%, while existing shareholders Anchorage Capital Group and Davidson Kepner will retain a combined 35.5% of the Irish telco. While this is a minority stake for the moment, there are options for Iliad to take operational control of the t