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

Ticketfly buying WillCall for on-premise data

Aug 21, 2014

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

Aug 20, 2014

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0