Bouygyes, a French family-owned conglomerate, has bid €10.5 billion ($14.4 billion) in cash to buy Vivendi’s SFR unit,
Bloomberg reported.
The offer includes assets at the Bouygyes Telecom unit. A competing bid has been submitted by Altice SA, the cable holding company of billionaire Patrick Drahi.
Bouygues, led by Martin Bouygues, has assets in construction and telecommunications and is France’s third-biggest mobile operator. It would sell mobile spectrum and some of its 15,000 mobile antennas to allay the concerns of competition authorities,
Reuters reported.
SFR and Bouygues already have a network sharing deal, the Reuters report noted. (Sources: Bloomberg, March 6, 2014; Reuters, March 4, 2014.)
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