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General

Bouygues rejects Altice takeover offer for telecoms arm

Tuesday 23 June 2015 | 21:59 CET | News
Bouygues Group has rejected an unsolicited bid from Altice to buy its operator Bouygues Telecom. The French construction and media group said it was confident in Bouygues Telecom's ability to continue independently, given the growth opportunities on the market for digital services, its strong spectrum holdings and 4G network, success with its recently launched Android TV box and ongoing cost reduction efforts. After a board meeting to discuss the bid, Bouygues said its board felt the telecom activities could return to an EBITDA margin of at least 25 percent by 2017, the same level as in 2011,

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