Wireless giant Orange has reportedly hired banks to advise on its plans to acquire Bouygues, unnamed sources said.
Reports emerged weeks ago that the French company could be planning to make an offer for its competitor. Experts suggest the acquisition could reach a value of more than $8 billion.
While reports say the companies have been in discussions about a deal for as long as six weeks, Orange has remained largely silent on the topic, though has suggested that further consolidation in France’s telco industry would be for the benefit of consumers.
Earlier this year Bouygues was in a bidding war with cable giant Numericable to acquire wireless firm SFR, a battle Bouygues ultimately lost. Since, some experts suggested Bouygues could pursue an acquisition of the fourth-place telco Free.
Full content: Total Telecom
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI