Mobile Phones: SFR offer to buy Bouygues Telecom … – Boursorama

Patrick Drahi SFR boss made an offer for the purchase of Bouygues Telecom, according to the JDD (AFP / File / Martin Bureau)

JDD, which is based on “several sources” unidentified, said that the offer on the table there are ten days should be discussed Tuesday at a Board of Directors of the Bouygues group.

“The offer of Drahi is inappropriate and not fastened, including its financing,” says the JDD a lieutenant of Martin Bouygues, a way of the newspaper “raise the stakes”.

“Patrick Drahi proposes to pay in cash” through a loan from BNP Paribas, the paper said that the amount advanced is “25% more expensive than the 8 billion estimated by the markets” for Bouygues Telecom.

Also according to the JDD, SFR would take over all of the 11 million mobile customers of Bouygues Telecom. An agreement was reached with Free “to avoid obstacles on competition”: the rival group of Xavier Niel “take over part of frequencies, antennas and Bouygues shops,” the JDD

By buying Bouygues Telecom, SFR become the first French mobile operator with half of the market and the second for the internet behind Orange.

Numericable, property of Patrick Drahi, had managed to seize SFR in March 2014 after a Homeric battle against Bouygues, putting on the table 13.36 billion euros to buy the telecom operator to Vivendi.

The operation had paved the way for the formation of Numericable, SFR group has since absorbed Virgin Mobile and Telindus, while its parent Altice, led by Patrick Drahi, took control of Portugal Telecom and Suddenlink Communications, the seventh US cable operator .

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