It’s official. Altice, parent company of SFR-Numericable has just confirmed the bid for Bouygues Telecom, Sunday, June 21 evoked by the JDD. But no details are given yet on the modalities of the operation. If Bouygues confirmed receiving the part of an offer Altice “unsolicited” for the sale of Bouygues Telecom, “ no negotiations are in progress ” to Currently, the company says. The amount of the transaction -10,000,000,000 of euros- was not confirmed. The group’s board of directors, however, meet Tuesday, June 23, 2015 to consider the bid of Altice.
If this were successful, Numericable, SFR would consider selling some assets in Iliad, owner ‘operator Free. To do this, the two groups have already entered into exclusive negotiations, they specify Monday.
In exchange, the telecoms values soared after the announcement of the draft Altice. At 9:11, it wins 12%, 13% Bouygues, Iliad nearly 10%, Numericable, SFR and Orange 12.7% nearly 8%.
However, the government still distrusting ambitions Patrick Drahi, Altice president. After the Minister of Economy Emmanuel Macron, Michel Sapin, Minister of Finance, who expressed doubts Monday: “ careful not to found an empire on the sands of debt ” warns it by evoking the debt Altice, which comprises several tens of billions of euros.
Asked about the state’s resources to eventually block the transaction, Michel Sapin replied: “ they are very large transactions between very large French companies under French law, in areas that are absolutely fundamental for everyday life but also for the economic development of our country ” <. /> p>
“ So by definition the State is interested and the State must give his opinion. And then there is the public authority, the public interest ” a- he added, stressing that the competition authorities should give their approval. “ If it is to concentrate everything and raise prices, I think no one would win .”
(With AFP and Reuters)
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