Iliad SA finalized its agreement to sell assets in France and Italy to Spanish operator Cellnex Telecom SA for €2 billion.

The sale covers Iliad's 70% stake in Iliad TowerCo, the company managing the passive infrastructures of mobile telecommunications in France, as well as Iliad's passive mobile infrastructure in Italy.

Iliad also completed a separate sale of its mobile towers operator unit Iliad 7 to Cellnex.