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France: Chances for Bouygues, SFR deal nosedive

By  |  March 4, 2014

As the Wednesday deadline looms to submit bids for French wireless operator SFR, the chances of Bouygues beating out competition for the acquisition continue to drop, say reports.

The rival wireless firm would likely face a slew of competition concerns over Numericable, which is also poised to bid for the company.

Numericable would likely breeze through a merger review should it acquire SFR, the latest reports say, as it would combine a cable company with a wireless firm without much jurisdictional overlap.

Numericable is set to offer $20 billion for SFT, owned by Vivendi. The deal is complicated by the expectation that Bouygues would likely submit a higher bid, but face tougher regulatory scrutiny of the deal.

Full Content: Bloomberg

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