Free owner Niel takes majority stake in Monaco Telecom
French telecom entrepreneur and owner of Iliad Telecom/Free Xavier Niel has acquired a controlling stake in Monaco Telecom from Cable & Wireless Communications for €322 million. Niel used his NJJ Capital investment vehicle to take a 55% stake in the Monagesque operator, which will remain 45% owned by the Principality. Monaco Telecom has about 31,000 […]
