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France: SFR bids for Bouygues in telecom merger

 |  June 22, 2015

Shares in leading French telecoms operators have surged after one of its top players, SFR, officially launched a takeover bid for rival Bouygues in a merger that would profoundly shake Frances telecom sector.

European telecommunications company Altice announced Monday it had made an official offer to buy French mobile phone operator Bouygues Telecom through its subsidiary Numericable-SFR.

Altice is owned by Franco-Israeli media magnate Patrick Dahi, who is reportedly offering Bouygues shareholders more than 10 billion euros to buy them out.

Bouygues Telecom confirmed it had received the “unsolicited” offer and said it would hold a meeting of its board on Tuesday to discuss the takeover bid.

Full content: The New York Times

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