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Bouygues-Led Consortium in Talks for Fresh Bid for Drahi's SFR

A consortium composed of Bouygues Telecom, Orange and Free-iliad Group has confirmed ongoing discussions with the Altice Group in connection with a potential transaction to acquire a large part of the telecommunications activities of the Altice Group in France. “Due diligence works have been initiated in early January 2026,” the consortium said in a statement […]

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After a first bid valued at EUR 17 billion delayed in October, Free, Bouygues and Orange operators would consider a second offer to get hold of SFR. A new step towards an agreement, while they started "due diligence".

Lean Right

The discussions took place after Altice rejected in October a non-binding joint offer for most of its telecommunications business, the SFR for EUR 17 billion, including debt

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The remaining three operators are going to buy out and dissipate SFR, but I'm not sure they're doing a good deal. Musk is likely to launch a Starlink life phone service with prices defying all competition and above all... coverage without any other like it. INFORMATION BFM BUSINESS Negotiations are accelerating for [...]

The confirmation of discussions between the Altice group and a consortium bringing together Orange, Bouygues Telecom and Free (Iliad) validates the hypothesis that a global takeover of SFR by a single actor is no longer the benchmark scenario. The dossier is now read as an asset distribution operation, driven by competitive balances as well as logic ... The article Frequencies, customers, networks: the real battle around SFR appeared first on FW…

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advanced-television.com broke the news in on Thursday, January 22, 2026.
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