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Bouygues-led consortium signs $23.44 billion deal to buy SFR from Altice France
The deal could cut France’s main mobile operators to three and faces antitrust scrutiny as the buyers split SFR among themselves.
- On Saturday, Bouygues Telecom, Orange, and Free-iliad signed a memorandum of understanding to acquire SFR from Altice France for 20.35 billion euros, concluding months of negotiations over the struggling mobile operator.
- Following a 24-billion-euro debt restructuring, Altice owner Patrick Drahi pursued the deal after the company rejected a 17 billion euro offer in October, forcing him to cede creditor control.
- Under the agreed terms, Bouygues holds 42% of the acquisition price, Free-iliad 31%, and Orange 27%, with the deal providing up to 650 million euros in bonuses and job security until 2029.
- The deal reshapes the French telecoms landscape by reducing main operators from four to three, representing one of the largest industrial transactions in the telecommunications sector in Europe.
- Antitrust authorities must now assess the deal, as President Emmanuel Macron warned the government would be "extremely vigilant" about consumer prices during consolidation review.
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33 Articles
The consolidation of the telecommunications market is on course with the acquisition of SFR for EUR 20.35 billion. Bouygues Telecom, Free and Orange share the operator, subject to the green light of competition.
This transaction represents "one of the largest industrial operations in Europe in the telecommunications sector", the companies point out.
·France
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The operators Bouygues Telecom, Iliad (Free) and Orange agreed with Altice France on Saturday night to buy its subsidiary SFR... for a total amount of EUR 20.35 billion.
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Total News Sources33
Leaning Left5Leaning Right2Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 36%
C 50%
14%
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