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
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 Dimanche, would take the French mobile market from four to three players at a time when the merits of such consolidations are being hotly debated in Europe.
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