Bouygues discusses sale to Free - report

Tuesday 8 April 2014 | 17:11 CET | News
French conglomerate Bouygues has approached Free about selling its telecom unit to the smaller rival, after failing in its bid to acquire SFR, Le Parisien reports. According to the paper's sources, Bouygues is seeking at least EUR 8 billion, while Free's parent company Iliad is unwilling to pay more than EUR 5 billion. The talks reportedly started following a preliminary agreement for Bouygues to sell its network to Free if it was successful inits bid for SFR. The new discussions centre on the sale of not only the network and frequency rights, but also Bouygues Telecom's 11.2 million mobile

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Categories: General
Companies: Bouygues Telecom / Free Mobile / Iliad / SFR / Telefonica
Countries: France
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