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Wireless

Orange weighs acquisition of Bouygues Telecom - report

Friday 16 May 2014 | 08:36 CET | News
Orange CEO Stephane Richard and Martin Bouygues have spoken on several occasions since April about the possible sale of Bouygues Telecom, for which Bouygues reportedly wants EUR 8 billion, Les Echos reports. "We are studying our options, but no one in government asked me to study the potential acquisition of Bouygues Telecom," Richard told the newspaper. Orange would reportedly offer at least EUR 6 billion in cash and shares, and Bouygues and JC Decaux, which own 90 and 10 percent of Bouygues Telecom, respectively, would become Orange's biggest shareholders after the government, which holds

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Categories: General / Mobile & Wireless
Companies: Bouygues Telecom / Orange
Countries: France
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