Rivals Propose €17B Altice France Move
Bouygues Telecom, Free-iliad Group, and Orange have proposed a market-changing deal for many Altice France assets, valuing them at €17 billion.
The trio's combined non-binding bid aims to consolidate the French mobile market, reducing the number of operators to three.
- Investment in superfast networks
- Cybersecurity
- Technology development
- Consumer competition
France's mobile market is highly competitive, with operators arguing that consolidation is necessary for viability. Altice's finances are shaky, leading to sell-offs and debt restructuring.
The would-be acquirers anticipate regulatory scrutiny and have arranged their offer accordingly.
Consolidation is necessary to keep businesses viable in France's competitive market.
Author's summary: Rivals bid €17B for Altice France assets.
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