Financial Times
8 May 2019Francois Godard was quoted in the Financial Times on France’s Iliad to raise €2bn by selling mobile towers to Cellnex. He said “Selling towers to Cellnex makes sense, the French group was taking advantage of the fact that financial markets are ready to give a higher value to towers when they are set aside in a separate corporate shell than when they are buried in an operator’s balance sheet. But it does not change the Iliad business model.”