Consortium Led by Bouygues Telecom to Acquire SFR in Deal Valued at €20.35bn or Over $23B
A consortium led by Bouygues Telecom will acquire French telecoms business SFR in a deal described as landmark and intended to consolidate the market and test regulatory appetite. The acquisition followed months of negotiations for the company, which is described as ailing.
A consortium led by Bouygues Telecom will acquire billionaire Drahi’s French telecoms business SFR for €20.35bn, according to Bluesky. Three French telecom operators announced they had signed a deal to buy SFR, according to DailySabah. The deal to acquire SFR is valued at over $23B, according to DailySabah. Accounts differ on the monetary value, with one citing €20.35bn and another citing over $23B; the exchange rate difference has not been resolved by sources.
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