SFR, owned by the French telecom tycoon and media Patrick Drahi, formulated a Bouygues Telecom bid for “a little more than ten billion euros,” says The Sunday Journal . The JDD , which is based on “several sources” unidentified, said that the offer on the table there are ten days should be examined Tuesday in a Group Board Bouygues.
“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 “to raise Bids. ‘ “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 .
With the acquisition of Bouygues Telecom, SFR become the first French mobile operator with half of the market and the second to the internet behind Orange. Numericable owned by 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 deal 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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