www.bloomberg.com
A consortium led by Bouygues Telecom has entered due diligence for a potential takeover of Altice’s French operations, collaborating with billionaire Patrick Drahi’s company. This follows the rejection of an initial bid made in October. The due diligence process allows the consortium to conduct a thorough financial and operational review of Altice’s French business before finalizing a new offer. Talks are ongoing, and the move signals renewed interest in a deal despite the earlier setback. [1]
Bouygues Telecom is a mobile network operator and subsidiary of the French conglomerate Bouygues Group, known for its consumer-focused telecom services. Altice is a multinational telecommunications and media group, with significant operations in France through its subsidiary SFR. The potential deal could reshape the French telecom market, which is dominated by Orange, SFR, Free Mobile, and Bouygues Telecom. Patrick Drahi, an entrepreneur and majority owner of Altice, is a prominent figure in the industry. [2]
If the acquisition proceeds, it would increase Bouygues Telecom’s market share and could lead to significant changes for SFR and its customers, including potential network integration, job adjustments, and tariff modifications. Bouygues Telecom Group is a major player with its own mobile, TV, and internet services, while Altice France focuses on telecommunications, media, and advertising through SFR. [3]
