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iliad proposes Vodafone Italy merger 

French-based iliad has announced today that it has submitted a proposal to Vodafone to merge their Italian units, through the creation of a new entity named NewCo. Under the deal, Vodafone would receive a 50% share of the new entity, a cash payment of €6.5 billion and a shareholder loan of EUR 2.0 billion to ensure long-term alignment.

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