French telecoms trio raise offer for rival Altice’s SFR to $24 billion

The logo of French telecom operator Orange is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 12, 2025. REUTER

April 17 – French telecoms operators Bouygues  Iliad-Free and ​Orange have submitted an ‌improved 20.35 billion euro ($23.97 billion) offer to buy ​most of Altice ​France’s assets, the suitors ⁠said in a joint ​statement on Friday.
The ​three companies, operating as a consortium, had a 17 billion ​euro offer rejected by ​Altice in October.
A successful deal ‌would ⁠shake up one of the most competitive telecoms markets in Europe. ​Operators ​in ⁠France have been engaged in a ​price war for ​several ⁠years, pressuring margins and revenue growth.

Reporting ​by Leo ​Marchandon and Gianluca Lo Nostro in ​Gdansk Editing by David Goodman

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