French telecom service provider, Iliad, appears to have sealed the deal to acquire Polish mobile group Play for $4.11 billion after reports surfaced saying the company is expected to receive EU antitrust clearance.
There have been a string of consolidations in the telecom industry since the launch of 5G. These have been done in order to cope with the cost associated with the roll out of 5G technology and to help smaller players become more competitive with other service providers.
Iliad is Europe's sixth largest mobile operator, and has been expanding its market to Ireland and Italy. Play, on the other hand, has grown to be the number one Polish mobile operator in recent years, edging out its rivals through an aggressive pricing strategy.