PARIS (Reuters) - Shares in French telecoms group Iliad fell on Tuesday, as concerns over its weak results overshadowed possible plans to sell part of Iliad’s mobile assets.
Iliad shares were down 3.7 percent by 0817 GMT, erasing a brief spike higher at the start of trading, as analysts focused on a cut to its 2020 cash flow target.
“Bit of a mix in the numbers on first glance, and talking about selling tower assets to raise some cash. But the key negative may simply be a push out in (its) target,” wrote one trader.
Reporting by Sudip Kar-Gupta and Helen Reid; Editing by Louise Heavens