Paris (France) (AFP) – Three of France's mobile operators have agreed a joint bid worth 20.4 billion euros ($23.5 billion) for rival SFR, owned by indebted French-Luxembourg telco group Altice.
Issued on: 07/06/2026 - 17:43
The deal, reached Saturday and subject to regulatory approval, is one of the biggest European telecoms deals in recent years, and represents a major shake-up in France's telecommunications sector.
The three operators behind it -- Bouygues Telecom, Free and Orange -- plan to break up SFR and divide its assets between them.
The key question is how regulators will view the acquisition, which would reduce the number of mobile operators in France from four to three. The European Commission has in past resisted consolidation, and France is a major market in the EU.
