Orange, Free and SFR arrested equitable sharing rule, but stumble on liabilities.
During his vows to the press in early January, the CEO of Orange, Stéphane Richard, had estimated that the negotiations for the purchase of Bouygues Telecom were to be counted in weeks, not months. Clearly, everything had to be completed in mid-February for the presentation of results of Orange. This will not be the case. Discussions between Bouygues Telecom, Orange and SFR but Free, which must take over the assets, take time.
It all started well yet. Martin Bouygues has indeed set quite clearly his conditions: divest its subsidiary in the amount of 10 billion euros, part of which must be paid in Orange securities, and all without social destruction for the 8,000 employees of its telecoms subsidiary. In other words: no layoffs, but voluntary departures are not excluded. Stéphane Richard, Xavier Niel, former shareholder of Free, and …
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