Bouygues lifts bid for French mobile operator SFR

Mar 13, 2014

French conglomerate Bouygues is raising the stakes in a bidding war to take control of France's number-two mobile phone operator SFR.

In a statement Thursday Bouygues says it's ready to pay 11.3 billion euros ($15.8 billion) to take control of SFR from parent company Vivendi, which wants to separate from telecoms to focus on its other holdings, Canal+ pay television and the Universal Music Group.

Last week, Bouygues and rival bidder Altice, owner of French cable operator Numericable, made competing offers for SFR. Bouygues' new bid tops the 10.9 billion euro cash offer made by Altice, and represents a significant bump up from Bouygues' own prior 10.5 billion euro offer.

A Bouygues-SFR tie-up would reduce to three the number of players in the French market, alongside Orange and Free.

Explore further: France mobile bid could extend consolidation trend (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Low-cost Free stirs up French mobile market

Dec 03, 2013

Low-cost telecom company Free stirred up France's mobile phone market on Tuesday by announcing an offer that includes 4G data services without additional cost to the customer.

French mobile operators hit with antitrust fines

Dec 13, 2012

France's competition watchdog has slapped €183 million ($239 million) in fines on the country's two top mobile operators for anti-competitive pricing policies between 2005 and 2008.

Recommended for you

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.