Joint Offer for Altice France
Bouygues Telecom, Free–Groupe iliad, and Orange have made a non-binding joint offer to acquire most of Altice's French telecoms operations, centered on SFR.
- The proposal excludes stakes in Intelcia, UltraEdge, XP Fibre, and Altice Technical Services.
- It also excludes Altice activities in France's overseas departments and territories.
The trio values the targeted assets at an enterprise value of €17 billion, placing a value of €21 billion for Altice France overall.
Ownership would be split as follows:
- 43% for Bouygues Telecom
- 30% for Free–Groupe iliad
- 27% for Orange
Under the plan, SFR's B2B activities would be taken over mainly by Bouygues Telecom and Free–Groupe iliad, while B2C would be divided between all three groups.
Infrastructure and spectrum would also be apportioned among the bidders, with SFR's mobile network in non-dense areas earmarked for Bouygues Telecom.
No direct quotes available in the given text.
Author's summary: Three French telecom companies join forces to acquire Altice France assets.
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