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General

Iliad informal offer for Bouygues falls short - report

Tuesday 10 June 2014 | 10:13 CET | News
French telecom group Iliad, which owns the operator Free, made an informal offer of EUR 4 billion to EUR 5 billion in recent weeks to acquire Bouygues Telecom, people familiar with the matter told Bloomberg. Bouygues Telecom's parent company, construction group Bouygues, is seeking around EUR 7 billion to EUR 8 billion, leaving the talks at a standstill. Neither Iliad nor Bouygues would comment on an Iliad offer. The latter said all options were on the table and it favoured a standalone approach for its mobile unit.

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Categories: General
Companies: Bouygues Telecom / Free / Iliad
Countries: France
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