Groupe iliad, also known as iliad Group, a privately owned company headquartered in France, was founded in 1999, employs approximately 50 individuals, and reported $11.7B in revenue as of 2025. The company specializes as a telecommunications carrier, offering fixed and mobile telephony services, prepaid phone cards, and Internet access providing and hosting services.
On June 25, 2026, Fitch Ratings upgraded Iliad SA's and Iliad Holding S.A.S.'s Long-Term Issuer Default Ratings (IDRs) to 'BB+' from 'BB', maintaining a Stable Outlook. Fitch also revised Iliad's Standalone Credit Profile to 'bbb-' from 'bb+'. Previously, on June 22, the TAR Lazio (Regional Administrative Court) rejected Iliad's appeal against the Italian Competition Authority's (AGCM) September 2025 decision not to formally investigate Poste Italiane's acquisition of TIM. On the same day, Moody's upgraded Iliad Holding by a notch to Ba2 from Ba3, also lifting its senior secured notes to B1 from B2 and its operating subsidiary Iliad S.A.'s senior unsecured bonds to Ba1 from Ba2. This upgrade followed Iliad's securing of EUR 10 billion in financing on June 19, which included EUR 6.5 billion to support its proposed acquisition of SFR and the refinancing of EUR 3.5 billion in existing bank facilities, backed by 31 international lenders. Iliad stated this refinancing strengthens its capital structure, boosts liquidity, and extends the maturity of key debt instruments.
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