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Competition and Industrial Policy
The €20 billion acquisition of SFR by Bouygues, Orange and Iliad will show how far antitrust authorities in Brussels and Paris are willing to allow heavyweight consolidation.
The window of a store of the telephone and internet operator SFR in Valence, France is pictured on Oct. 9, 2025. | Nicolas Guyonnet/Hans Lucas/AFP via Getty Images
June 9, 2026











