(Boursier.com) – Minister of Economy, Emmanuel Macron, will receive the owner Altice, Patrick Drahi, Tuesday afternoon to discuss his offer to buy Bouygues Telecom, according to Reuters, that s ‘based on a source in the minister’s entourage. Since the announcement of the transaction, with an offer that could rise to 10 billion euros for the mobile branch of Bouygues, the government does not hide that it is not favorable to the project.
No desirable?
“I say and repeat that consolidation today is not desirable for the sector,” said Emmanuel Macron Sunday. “The employment, investment and the best service to consumers are priorities. The consequences of a consolidation are these negative ways, as demonstrated recent cases in Europe,” he added in a statement. Michel Sapin, Minister of Finance, was concerned about his side of the Altice debt, estimated at tens of billions of euros. “We must be careful not to found an empire on the sands of debt,” said this Monday on RFI.
Offer “unsolicited”
Altice confirmed Monday it made a Bouygues Telecom takeover offer, which runs the stock exchange sector … This would Numericable its subsidiary SFR-the first telecom operator in France and the third in Europe. For its part, Bouygues confirmed receiving an offer “unsolicited” by Altice, while indicating that no negotiation was underway. The board of the construction group will meet on Tuesday to consider this offer …
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