(Adds details, background)PARIS, Sept 22 (Reuters) - French telecoms firm Iliad SA said on Wednesday it had struck a deal with U.S. cable operator Liberty Global Plc to buy Polish fixed internet operator UPC for an enterprise value of 7 billion zlotys ($1.78 billion).
Iliad, which bought Polish mobile operator Play last year, said in July that it had made an indicative offer for the whole of UPC Poland.
“After the purchase of Play end 2020, the acquisition of UPC Poland represents a new step for Iliad in the Polish telecoms market,” Iliad said in a statement.
In a separate statement, Liberty Global said the deal is expected to close in the first half of 2022 and generate about $600 million of net cash proceeds after debt repayment.
In July, French tycoon Xavier Niel, the founder and controlling shareholder of Iliad, said he was making a 3.1 billion euro offer to buy the remaining shares in the company and take it private.
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