A PYMNTS Company

France: Bouygues denies speculation over telecoms consolidation

By  |  February 14, 2017

French telecoms and construction group Bouygues has denied fresh speculation that merger talks have resumed between the country’s four telecoms operators.

The speculation, which lifted shares of Bouygues, Orange, Iliad , Altice and its French unit SFR, was sparked by a report in newsletter La Lettre de l’Expansion of a resumption in negotiations with the aim of cutting the number of operators from four to three.

Under that scenario, Bouygues’ telecoms arm would be the target and would be divided up among Orange, Iliad and SFR, La Lettre de l’Expansion said without citing sources. “Bouygues denies any talks with other operators over a possible consolidation of the telecoms sector,” a Bouygues spokesman said on Tuesday.

Full Content: Nasdaq

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.