US EditionAltice France rejects joint bid for SFR from French telecoms operators
49 Articles
49 Articles
Bouygues Telecom, Orange and Free announced on Tuesday night their willingness to buy SFR. SFR's parent company, Altice France, rejects this offer. The three competing mobile operators proposed 17 billion...
Immediately filed, immediately rejected: the offer to buy SFR by its competitors Orange, Free and Bouygues Telecom, ruled out from Wednesday morning by its parent company Altice France, revives the conjectures about the future of the sector and a possible switch from four to three operators. ...
Altice France rejects joint bid for SFR from French telecoms operators
Altice France, the owner telecoms firm SFR, has rejected a bid from three French rivals to buy the operator, Altice CEO Arthur Dreyfuss told staff in a memo on Wednesday, setting back a potential deal that could spur more consolidation in the European telecoms market.
While an offer to buy SFR was made by its three French competitors, Altice France stated to its salairés that it had "immediately rejected it".
Bouygues Telecom, Iliad (the mother house of Free) and Orange had submitted on Tuesday an offer to buy most of SFR's assets, amounting to EUR 17 billion.
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