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General

Orange eyes Bouygues deal by mid-February - report

Thursday 28 January 2016 | 09:11 CET | News
Orange will pitch its plan to acquire Bouygues Telecom to France's prime minister this week, people familiar with the matter told Bloomberg. The goal is to reach an agreement on the transaction before Orange reports annual results on 16 February, the report said. The deal is likely to value Bouygues's mobile unit at about EUR 10 billion, though the structure -- how much Orange will pay in cash versus shares and what assets will be sold to rivals to alleviate antitrust hurdles -- is still being negotiated. Orange has approached Iliad and Numericable-SFR about selling them parts of Bouygues'

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Categories: General
Companies: Bouygues Telecom / Iliad / Numericable / Orange / SFR
Countries: France
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