You are here

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

BT_20150622_DRAHI22_1732500.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes