Bouygues-Led Group Makes €17 Billion Bid for Drahi’s SFR

Bouygues Telecom, Iliad SA, and Orange SA have made a €17 billion ($19.7 billion) bid to acquire SFR from Altice France, which is owned by billionaire Patrick Drahi. The proposed acquisition would consolidate the French telecom market, bringing together three major players in the industry. The consortium believes the merger would create significant synergies and strengthen their competitive position against the market leader, Orange. However, the deal is subject to regulatory approval, and it remains to be seen whether the authorities will approve the proposed acquisition, given potential concerns over reduced competition in the French telecom sector.
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