PRESS RELEASE

Paris, June 25, 2020

ILIAD ACQUIRES A STAKE IN INSTADRONE

FOLLOWING THE LAUNCH OF ITS SOLID-19 SUPPORT FUND

©Instadrone

Following on from the launch of its Solid-19 support fund, iliad has acquired a minority 30% stake in one of its most innovative suppliers: Instadrone - France's leading network of professional remote UAV pilots operating as brand licensees and providing aerial photography and filming services as well as technical data capture and processing solutions.

Founded in 2014, Instadrone currently has 23 agencies in France and four international agencies. Since 2016 it has specialized in collecting and analyzing technical data for industrial sectors (energy, public works, the environment, etc.) through its own radio and geomatics design office. Its services cover a wide range of rapidly expanding needs, such as the creation of topographic maps, building inspection, the collection of images to create geo-referenced point clouds for modeling structures, building site surveillance, air quality tests, and sampling.

Nicolas Jaeger, iliad Group's CFO said "We're delighted with this project which stems from the launch of our Solid-19 support fund - an initiative that our in-house teams have really rallied around and which has proved very popular. So far we've received around a dozen Solid-19 applications, half of which are already in an advanced phase. Acquiring a stake in a company - as we've done with Instadrone after they approached us - is just one of the ways we are supporting our partner network".

1/2

Cédric Botella, Instadrone's CEO, said "iliad Group's acquisition of a stake in our company is an excellent opportunity for us. We refused several other offers as we were seeking the ideal French partner to help drive our ambitious and structured growth. The announcement of the Solid-19 support fund spurred us into strengthening our partnership with the iliad Group as we have worked closely with Free Mobile for several years now and we share their values of solidarity, hard work and a constant quest for innovation.

About Solid-19

In the spring of 2020, following the lockdown measures imposed in France due to the Covid-19 pandemic, the iliad Group launched two initiatives to help and support its small-business partners: fast-tracked payments to ease their cash flow, and the creation of the Solid-19 support fund. The Solid-19 fund offers small businesses a quasi-equity financing solution in the form of long-term convertible bonds, convertible at the initiative of the business partner concerned.

About Instadrone

Founded in 2014, Instadrone is France's leading network of professional remote UAV pilots operating as brand licensees. It currently has 23 agencies in France and four international agencies (in Morocco, Angola, Spain and Belgium). It has 33 licensed partners and since 2016 has primarily operated in industrial sectors, offering aerial photography and filming services as well as technical data capture and processing solutions.

To find out more:https://www.instadrone.fr/home/ andhttps://www.youtube.com/watch?v=3kyeHk2zfHM

To follow us: LinkedIn: Instadrone

About the iliad Group

In the space of 20 years the iliad Group has grown into a major telecommunications player in France and Italy, employing 11,000 people and generating €5.3 billion in revenues in 2019. As the parent company of Free - the inventor of triple play and the Freebox - iliad is an integrated fixed and mobile ultra-fast communications operator, standing out for its straightforward and innovative offerings. At end-March 2020, the iliad Group had nearly 20 million subscribers in France (6.5 million fixed-line subscribers and 13.3 million mobile subscribers). In Italy - where the Group launched its business on May 29, 2018 under the iliad brand, becoming the country's fourth mobile operator - it had over 5.8 million subscribers at end-March 2020. iliad is listed on Euronext Paris (ILD).

To find out more:www.iliad.fr/en

Press contact:presse@iliad.fr Investor relations:ir@iliad.fr

To follow us: Twitter: @GroupeIliad and LinkedIn: Free - Groupe iliad

Exchange: Euronext Paris

Market place: Eurolist A of Euronext Paris (SRD)

Ticker symbol: ILD

ISIN: FR0004035913

FTSE classification: 974 Internet

Member of Euro Stoxx, SBF 120, CAC Mid 100

2/2

Attachments

  • Original document
  • Permalink

Disclaimer

Iliad SA published this content on 25 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 June 2020 06:08:04 UTC