Telecoms group Iliad formally launches 1.4 billion euro capital increase

PARIS (Reuters) - French telecoms and media group Iliad formally launched on Monday its previously announced plan for a 1.4 billion euros capital increase, which will be used to finance a share buyback offer.Iliad, which runs the Free telecoms and internet service, said the capital increase would be priced at 120 euros per share, marking a discount of around 2.4% to Iliad's closing price of 123 euros on Jan. 17.Last November, French billionaire Xavier Niel said he was ready to pour the 1.4..