Mergers and acquisitions in telecom
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Communiqué des groupes Bouygues Telecom, Free-Groupe iliad et Orange suite au rejet de leur offre par Altice France
Globenewswire· 2025-10-15 20:09
Core Viewpoint - Bouygues Telecom, Free-Groupe iliad, and Orange have noted the rejection of their non-binding joint offer for the acquisition of a significant portion of Altice France's telecom activities, submitted on October 14 [1] Group 1: Offer and Market Impact - The three operators remain convinced of the relevance of their proposal and the industrial project they are pursuing, which aims to preserve a competitive ecosystem benefiting consumers while promoting continued investments in national telecom infrastructure [2] - Bouygues Telecom, Free-Groupe iliad, and Orange are maintaining their offer and wish to create a constructive dialogue with Altice Group and its shareholders to explore how the project could prosper [3] Group 2: Company Profiles - Orange is a leading global telecommunications operator with a revenue of €40.3 billion in 2024 and 124,600 employees as of June 30, 2025, serving 300 million customers across 26 countries [4] - Free-Groupe iliad, established in the early 1990s, generated a revenue of €10.0 billion in 2024 and serves 51 million subscribers, with significant operations in France, Italy, and Poland [6] - Bouygues Telecom, a subsidiary of Bouygues Group, reported a revenue of €7.8 billion in 2024, employing 11,200 staff and serving 27.1 million mobile and 5.3 million fixed-line customers [8]