Telecoms operators make €17bn offer for most of Drahi's Altice France

French telecom operators Orange, Bouygues, and Free have proposed a €17bn bid to acquire most of Altice France, signaling a potential consolidation in the telecom market.

On Tuesday, Orange S.A., Bouygues Telecom, and Free (Iliad SA) submitted a non-binding €17bn offer to acquire the majority of Altice France, owned by Patrick Drahi.
This acquisition would significantly reshape the competitive landscape in Frances telecom sector, where SFR, a subsidiary of Altice, is a major player.
If successful, this deal could lead to enhanced market efficiency and better service offerings for consumers in Frances highly competitive telecommunications environment.
The offer reflects ongoing consolidation trends within the telecom industry, as operators seek to streamline operations and improve financial performance amid rising costs.

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This proposed acquisition could drastically alter the dynamics of the French telecom market, affecting competition and pricing for consumers. The outcome will be pivotal for the involved companies, potentially leading to a stronger market position for Orange, Bouygues, and Free. Stakeholders will be watching closely as negotiations progress and regulatory reviews unfold.