Joint Approach 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:
- 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
- B2C would be divided between all three groups
- Infrastructure and spectrum would also be apportioned among the bidders
No direct quotes available in the text.
Author's summary: Three companies make joint offer for Altice France.
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