Bouygues rejects €10B SFR-Numericable bid

Bouygues claimed the €10 billion offer from SFR-Numericable for its mobile business carried “significant execution risk”, as it also played the political card. The board of Bouygues unanimously rejected the offer, citing likely objections by French regulators. In addition, SFR-Numericable …

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SFR-Numericable’s bid for Bouygues Telecom faces growing political opposition

France’s Prime Minister, Manuel Valls, said five issues need to be weighed with SFR-Numericable’s €10 billion bid for Bouygues Telecom: impact on employment, network investment, innovation, customer service and whether proceeds from the country’s upcoming 4G spectrum will be reduced. …

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EC chief questions telecoms industry over competition stance

Contrary to the argument made by operators, infrastructure investment in the mobile industry can be stimulated by competition, Margrethe Vestager said. The EU competition chief also questioned the corollary – that if operators do not combine with national rivals they …

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French economy minister says “time not right” for consolidation

Emmanuel Macron, France’s economy minister, said the country’s operators should think less about consolidation and more about investment. “In France the sector has reached a point of equilibrium,” he said in an interview with French daily Les Echos. “Time is …

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Orange CEO: Talk of more price cuts is “insane”

Stephane Richard, the CEO of Orange, forecast an end to the price war in France which has taken a toll on the country’s operators and their margins. “In France we have among the lowest prices in the world for both …

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Arcep paves way for France’s 700MHz allocation

France’s communications regulator, Arcep, published details of a public consultation on “spectrum for superfast mobile”, which included an update on the availability of 700MHz spectrum for operators in the country. In a briefing document, it said that assigning 700MHz frequencies …

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Bouygues soldiers on, despite revenue and profit fall

Bouygues Telecom, the under-pressure French operator which has been the subject of takeover interest, saw both revenue and net profit fall in 2014 but sounded a defiant note in adversity. The mobile operator saw revenue fall by five per cent …

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Altice set to buy Numericable-SFR stake from Vivendi

Altice made a bid to acquire the 20 per cent stake in its French business (Numericable-SFR) held by Vivendi for €3.9 billion. Vivendi became a shareholder in the company when Altice acquired SFR, the integrated operator it previously owned. It …

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Altice again eyeing Bouygues – report

Ambitious telecoms player Altice is reportedly again looking at a deal to acquire France’s number-three operator Bouygues Telecom, reigniting the consolidation game in the market. According to Bloomberg, Altice is examining the potential financial and regulatory obstacles to a deal, which …

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