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Bouygues Telecom would it have changed your mind? Anyway that’s what we hear now. While the company Numericable, SFR already planning to sell certain assets to Iliad, owner of Free the operator with the acquisition of Bouygues Telecom. Unfortunately, the latter refused to cooperate. Explanation:
The Board of Directors of Bouygues Telecom delivers its final decision
Bouygues Telecom have finally agreed to impose on the decision of the Board . The latter would have decided, after deep study, deny its subsidiary bid for 10 billion euros by Altice. Unfortunately for Numericable, SFR Group, the takeover offer filed Monday, 22 June has been denied. Why this refusal? According to the statement: “the offer represents a significant execution risk that is not to Bouygues to take, particularly in terms of competition law.” According to the Board of Directors of Bouygues, the acquisition, if successful profoundly revolutionize the landscape of French telecoms and especially that of the mobile phone.
Altice had foreseen everything point by point but … ..
A decision that disappointed many Altice. And to think that he had already thought of everything! Indeed, according to the latest information, the company Numericable, SFR already preparing the resale of certain of its assets to Iliad, owner operator Free. The operation of the funding is also reported that Altice has done everything that is fully insured and secure ‘, appealing to BNP, JP Morgan and Morgan Stanley. Concerning the potential regulatory risk-Numericable SFR says the group has partnered with Iliad / Free transfers to suit different asset classes. And at the same job, Altice has promised to take care of the employees of Bouygues Telecom by establishing favorable conditions. On the government side, Altice promises to always strengthen its investments and to fully participate in bidding on the frequencies 700 MHz.
But anyway, unfortunately for the band, who would have thought its 10 billion euros (valuing Bouygues Telecom) have reacted Bouygues Telecom! The offer is not valid. In reality, that Numericable, SFR does not digest really is that conglomerate has sought explanation or any details on his offer
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