Altice unit makes offer for Bouygues Telecom




Numericable-SFR, a unit of billionaire Patrick Drahi's telecom company Altice, has made a €10 billion all-cash offer for Bouygues Telecom,

the

Financial Times

reported.


Bouygues is France's third-largest provider of mobile services, the report noted.


Citing an anonymous source, the


FT


report said the talks between Numericable-SFR and Bouygues are “very close.”


The French government appears to be opposed to the acquisition, which would reduce the number of competitors in the country from four to three, the articlesaid.

- Advertisement -


Second-generation leader Martin Bouygues last year turned down an offer from Iliad — which owns Free, France's fourth-largest mobile operator — to buy Bouygues Telecom for about €5 billion, the


FT


article said. The report said Bouygues also rejected a €9 billion offer from Drahi earlier this year. (Source:


Financial Times


, June 22, 2015.)

About the Author(s)

This is your 1st of 5 free articles this month.

Introductory offer: Unlimited digital access for $5/month
4
Articles Remaining
Already a subscriber? Please sign in here.

Related Articles

KEEP IT IN THE FAMILY

The Family Business newsletter. Weekly insight for family business leaders and owners to improve their family dynamics and their businesses.