Wireless giant Orange has reportedly hired banks to advise on its plans to acquire Bouygues, unnamed sources said.
Reports emerged weeks ago that the French company could be planning to make an offer for its competitor. Experts suggest the acquisition could reach a value of more than $8 billion.
While reports say the companies have been in discussions about a deal for as long as six weeks, Orange has remained largely silent on the topic, though has suggested that further consolidation in France’s telco industry would be for the benefit of consumers.
Earlier this year Bouygues was in a bidding war with cable giant Numericable to acquire wireless firm SFR, a battle Bouygues ultimately lost. Since, some experts suggested Bouygues could pursue an acquisition of the fourth-place telco Free.
Full content: Total Telecom
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI