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General

Altice reveals terms of rejected Bouygues Telecom offer

Friday 26 June 2015 | 08:26 CET | News
French telecom group Altice's board has taken note of Bouygues' decision to reject its offer for Bouygues Telecom and regrets that the Bouygues board did not seek any details or explanations of the offer before putting it up to a vote. Altice has set out the terms of its offer for a minimum of EUR 10 billion, around 15 times Bouygues Telecom's 2015 EBITDA estimate, or 2 to 3 times higher than the European average for these types of assets. Altice planned to financed the deal with EUR 3.5 billion to EUR 4 billion of bank debt and EUR 6 billion to EUR 6.5 billion of capital, including up to EUR

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Categories: General
Companies: Altice Europe / Bouygues Telecom / Iliad / Numericable-SFR
Countries: France
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