The move highlights Mr. Niel’s growing interest in expanding his telecom ownerships outside of France. Earlier this year, the founder of French telecom firm Iliad also bought Monaco Telecom.

Mr. Niel’s latest deal comes after Iliad this year failed in its attempt to buy U.S. mobile company T-Mobile US.

http://www.wsj.com/articles/xavier-n...eal-1418899664