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French billionaire makes fresh bid for Bouygues

Numericable-SFR owner Patrick Drahi is offering to buy all of the telco, which has 11 million mobile customers. Move will pare French mobile market to 3 players from 4

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With massive cost savings possible from combining the two companies, Mr Drahi (above) is offering a rich price, higher than in an earlier round of sales talks last year.

Paris

PATRICK Drahi, the owner of France's No 2 telecoms player Numericable-SFR, has offered to buy smaller rival Bouygues Telecom for about 10 billion euros (S$15.2 billion) in cash, two people familiar with the matter said.

The move, which was first reported by the Journal de

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