Bouygues Telecom
Altice-backed French telco Numericable-SFR has made an offer to acquire Bouygues Telecom, Altice has confirmed.
Iliad Group, the owner of rival telco Free, has confirmed it is in exclusive talks with Numericable-SFR to acquire a part of Bouygues’ assets, which would be conditional on a deal between Numericable-SFR and Bouygues going through. The divestment of some assets is seen as necessary to secure regulatory approval for a deal, which would see the number of French national integrated telecom service providers reduced from four to three.
According to local reports, Altice is ready to spend up to €10.1 billion to secure a deal, which would give Bouygues a proportionally much greater valuation than SFR’s when it was acquired by Altice and Numericable last year and double the amount reportedly previously offered by Iliad Telecom for Bouygues.
The board of Bouygues, which has so far maintained that it is set on continuing as an independent operator, is expected to discuss the offer tomorrow.
Alchimie launches celebrity-focused #OTT channel. https://t.co/S39Nt1o4c4 https://t.co/O90XxJNtKt
15 October 2018 @ 18:00:40 UTC
RT @NeuLionLLC: We are honored to receive the Over-the-top TV Service of the Year Award at the Content Innovation Awards 2018 for our techn
15 October 2018 @ 17:55:47 UTC
.@BBC and China's Tencent to launch #BBCEarth fan community. https://t.co/pJO6TOuH7W https://t.co/br5LocN3mg
15 October 2018 @ 15:58:13 UTC
RT @daznglobal: DAZN at the double Last night we were delighted to pick up 'Advanced TV Service Of The Year' at the #CIA#CIAwards18 se
15 October 2018 @ 15:43:01 UTC
AMC lines up new launches for Shudder and Sundance Now. #MIPCOM https://t.co/3guvVKElAe https://t.co/epkIEQSmpX
15 October 2018 @ 15:29:01 UTC
