Altice could be open to acquiring French service provider Bouygues Telecom, according to the Patrick Drahi investment vehicle’s CEO, Dexter Goei, cited by Dow Jones Newswires.
Goei, speaking at a Morgan Stanley conference in Barcelona, said that there was a great potential to realise synergies between the two companies.
Goei said Altice would not need to implement a capital increase to acquire Bouygues Telecom, despite the heavy debts incurred in acquiring SFR.
Altice has also recently tabled a bid for Portugal Telecom’s domestic assets.
Bouygues was recently involved in a bitter contest with Altice and cable operator Numericable, of which it is majority owner, for Vivendi-owned SFR, with Numericable emerging triumphant.
Bouygues has maintained that Bouygues Telecom will continue to operate as a standalone unit and will become profitable and competitive as part of a big four-dominated French telecom sector.
Bouygues Telecom is ranked number three amongst French mobile players but has limited penetration in the fixed line market.
Altice Portugal adds Globo to line-up https://t.co/b39htCgolC
20 April 2018 @ 15:43:36 UTC