Atlas Investissement, an investment firm of French billionaire Xavier Niel acquires 2.5% interest in Vodafone Group PLC. Atlas Investissement finds Vodafone as an attractive investment opportunity as per the company’s asset portfolio and solid fundamental developments in the global telecommunication sector.
Atlas Investissement has issued that it supports Vodafone’s intentions to pursue consolidation in selected geographical locations and its efforts in infrastructure segregation. Leading the developments in the early years when telecommunication sector was advancing, Vodafone has shown impeccable enterprising spirit and quality leadership that inspired other telecommunication start-ups attracted Atlas Investissement to acquire its stakes. With this investment, Xavier Neil expands the firm’s presence in telecommunications department in Europe.
Atlas Investissement focuses on the steady development of telecommunication sector along with gaining profitable returns “through targeted investments in assets that offer opportunities for significant value creation.” Atlas Investissement is of the opinion that there are openings to accelerate both the streamlining of Vodafone’s trail and the separation of its infrastructure assets, further causes the cost to go down, enhance profitability, accelerate broadband advancement in Germany and other geographies, and augment its emphasis on innovation.
About Atlas Investissement
Atlas is a specialist investment mechanism centred on the telecoms sector. It is a long-term industrial investor that sees the potential for further development and profitable growth in the sector.
Atlas is an investment mechanism indirectly held by Xavier Niel, a renowned entrepreneur, and the most important long-term investor in the telecoms sector throughout several European and African markets. In general, Atlas Investissement has telecoms investments in nine countries in Europe with approximately fifty million active subscribers collectively and over EUR 10 billion in revenues. Niel is the proprietor of Iliad, a leading telecoms provider present in Italy, France, and Poland, in addition to NJJ Holding, an investor in telecoms assets as well as in Ireland and Switzerland.