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

What's PayPal's first solo move?

1 hour ago

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

5 hours ago

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

Microsoft to tap $2-trillion Indian cloud market

10 hours ago

Microsoft announced plans Tuesday to offer its commercial cloud services from Indian data centres as it seeks to tap what it calls a $2-trillion market in the country where Internet use is growing rapidly.

User comments : 0