Monday, June 22, 2015

Altice Wants to Consolidate and Lead French Mobile Market

Altice, owner of Numericable-SFR, has made a US$11 billion offer to buy Bouygues Telecom, a deal that would combine the second-largest and third-largest French mobile service providers to create a new market leader.  

A successful deal also would reduce the number of leading mobile service providers, a move many believe would be helpful for suppliers, as many believe similar consolidation moves in Austria, Germany and Ireland that reduce the number of leading providers are helpful.

Regulatory clearance is likely to be a key issue. The French government already has said it opposes the deal.

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