Orange-Bouygues deal faces delay as French state seeks to protect its position

Orange’s acquisition of Bouygues Telecom has run into a hurdle in the shape of the French state’s unwillingness to see its stake in the country’s leading telco fall below 20%, according to a report in the Journal du Dimanche. According to the JDD, the finalisation of a deal between Orange and Bouygues is likely to […]

Orange and Bouygues reportedly ‘open’ to TF1 discussions

French telco Orange and telecoms-to-construction conglomerate Bouygues are open to including the latter’s 44% interest in leading commercial broadcaster TF1 in any deal between the pair, according to French newspaper Le Monde. Orange and Bouygues have confirmed that they are in talks over the future of the latter’s telecom unit, Bouygues Telecom, but have not […]

Orange reportedly in talks with Bouygues for TF1 and telecom unit

French conglomerate Bouygues has said it has “no plan to exit the telecom and TV sectors and reaffirms its long-term commitment to these two industries” in response to reports that Orange is in talks to acquire its service provider arm Bouygues Telecom and media assets. Bloomberg reported yesterday that Orange was in early-stage talks to […]

Altice hits out at Bouygues rejection

Cable and telecom investor Altice has hit out at Bouygues’ rejection of its €10 billion offer for Bouygues Telecom and has accused the French conglomerate of failing to engage with it before presenting the offer to its board.  Rejecting suggestions that the bid was not serious and was entirely dependent on debt, Altice said that […]

War of words erupts between Vivendi and Bouygues

The war of words between Vivendi and Bouygues proprietor Martin Bouygues over the former’s decision to sell SFR to Numericable owner Altice has moved to a new stage following an interview given by Bouygues to Le Figaro in which he attacked Vivendi CEO Jean-René Fourtou and accused him of changing his mind about Bouygues’ offer […]

Vivendi agrees €17 billion SFR sale to Altice/Numericable

Vivendi has agreed to sell French telco SFR to Altice/Numericable, which has fended off competition from rival bidder Bouygues to clinch a deal worth “in excess of €17 billion”. Confirming the agreement, Vivendi said that the Altice/Numericable offer delivered the highest value for SFR’s customers, employees and shareholders. Vivendi will receive €13.5 billion at the closing […]

Bouygues extends offer for SFR

France’s Bouygues has extended its improved offer to acquire Vivendi-owned telco SFR until April 25 and has offered an indemnity payment of €0.5 billion in the event of a deal being blocked as it attempts to persuade the company’s owners not to sign a deal with rival bidder Altice/Numericable. The Bouygues offer had been due […]

Numericable holding firm on existing offer for SFR

Numericable owner Altice has no intention of raising its offer for Vivendi’s SFR following Bouygues’ improved offer for the French telco, according to a report in the Wall Street Journal. Bouygues on Thursday made a new offer of EUR13.15 billion for SFR, an increase of EUR1.85 billion on its previous offer. According to the Journal, […]

Bouygues makes new offer for SFR

French conglomerate Bouygues has upped the stakes in its battle with Numericable and Altice for control of mobile and fixed network operator SFR by tabling a new offer of €13.5 billion for the Vivendi-owned company.  Bouygues’s latest offer tops by €1.4 billion the €11.75 billion offer currently under discussion between Vivendi and Altice. The Altice […]

Bouygues takes on Numericable as it tables offer for SFR

Bouygues has thrown its hat into the ring in the battle for control of Vivendi-owned telco SFR with a €10.5 billion offering. The move sets the stage for a contest between Bouygues and Numericable-owner Altice, which has already tabled an offer, although financial details have not been released. Vivendi confirmed that it has now received […]