Iliad says Vodafone rejects proposal to merge Italian units
Jan 31 (Reuters) -French telecom operator Iliad on Wednesday said Vodafone VOD.L had rejected its revised proposal to merge their Italian businesses.
Iliad said in December it had submitted a proposal to Vodafone to merge the Italian units, a move that would have combined its fast-growing consumer base with the British company's strength in business in a highly competitive market.
"The Iliad Group is confident that the offer presented was the best possible business combination to benefit a struggling Italian market and telecommunications industry," Iliad said in a statement.
Reporting by Diana Mandiá in Gdansk; editing by Milla Nissi
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