Major French telecommunications players, including Bouygues Telecom, Orange, and Iliad, are reportedly in advanced negotiations to acquire Altice’s French assets, primarily the SFR mobile operator. The potential deal, valued at approximately $24 billion (€20 billion), could significantly reshape the competitive landscape of the French telecom market.
The French telecommunications sector has been characterized by intense competition, and this potential acquisition signals a significant move towards consolidation. Altice, controlled by billionaire Patrick Drahi, has been looking to divest its French operations, with the consortium of Bouygues, Orange, and Iliad emerging as the frontrunners.
If the deal materializes, it would represent a substantial shift in the French mobile and broadband market. The combined entities could wield significant market power, potentially leading to changes in pricing, service offerings, and network infrastructure development. The valuation of over €20 billion indicates the strategic importance and perceived value of SFR’s customer base and infrastructure.
Sources close to the matter suggest that the parties are in advanced negotiations regarding the specific terms of the potential acquisition. While a provisional agreement is reportedly being worked towards, the finalization of such a large-scale transaction involves complex regulatory and financial considerations. An announcement could be made in the coming days, provided the ongoing discussions proceed smoothly.