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Bouygues Telecom likens French telecoms market to nuclear disaster

2014-03-18 01:00:00| Total Telecom industry news

Tight margins and 'bounty hunters' make life difficult for France's broadband and TV providers.

Bouygues raises offer for SFR

2014-03-13 08:47:00| Telecompaper Headlines

(Telecompaper) French conglomerate Bouygues has submitted an improved offer to Vivendi for SFR. Bouygues lifted its offer by EUR 1 billion, of which EUR 800 million in cash, to a total EUR 11.3 billion in cash and a 43 percent interest in the new entity. This new offer values SFR at EUR 15.5 billion pre-synergies and at nearly EUR 20 billion after factoring in all the synergies, Bouygues said. Under the improved offer, Bouygues' interest in the new entity would be 52 percent versus 49 percent in the previous offer. An IPO of the new company is planned as soon as the merger is completed, offering Vivendi an immediate opportunity to monetise its interest.

Tags: offer raises sfr bouygues

Bouygues increases its offer for SFR

2014-03-13 01:00:00| Total Telecom industry news

French telco's new bid adds 1 billion to its valuation of SFR, showing how much it needs to win Vivendi over.

Tags: offer increases sfr bouygues

Bouygues signs deal to sell network to Free if it buys SFR

2014-03-10 08:30:00| Telecompaper Headlines

(Telecompaper) French operator Bouygues Telecom has reached an agreement to sell its mobile network of 15,000 base stations to Free Mobile for EUR 1.8 billion if Bouygues's merger with Vivendi's SFR is successful. Bouygues CEO Olivier Roussat announced the deal to French paper Le Journal du Dimanche, and Free confirmed the agreement in a statement. The deal to divest Bouygues's mobile network and some frequencies pre-empts the Competition Authority's anticipated remedies and levels the playing field with Numericable, the cable operator that is also vying for SFR but has no mobile network.

Tags: free network sell deal