Altice News & Analysis

Bouygues (BOUY) Consortium Signs $23.44B Deal to Acquire SFR

A Bouygues-led consortium, including Bouygues Telecom, Orange, and Free-iliad, has signed a memorandum of understanding with Altice France to purchase SFR for 20.35 billion euros ($23.44 billion), inclusive of debt. The parties have extended negotiations for another 48 hours to finalize agreements, after previously raising their offer from approximately 17 billion euros. If approved, this acquisition would mark one of the largest telecom deals in Europe. The price split among buyers stands at 42% for Bouygues, 31% for Free-iliad, and 27% for Orange, with potential break-up fees between 0.1 billion euros and 2 billion euros.