Altice France Rejects Joint Offer from Bouygues, Free, and Orange
Bouygues Telecom, Free-Groupe iliad, and Orange have had their non-binding offer to acquire the telecom operations of Altice France rejected.
Rejection of the Non-Binding Offer
Altice Group has informed Bouygues Telecom, Free-Groupe iliad, and Orange of its decision to reject their joint non-binding offer. This proposal was submitted on the evening of October 14th and was aimed at acquiring a significant portion of Altice France's telecom operations. The reasons for the rejection were not specified in the statement issued by the three operators.
Operators Remain Committed Despite Rejection
Despite this rejection, the three operators remain committed to the relevance of their proposal. They believe that their industrial project is beneficial for the market and its stakeholders, including customers, employees, creditors, and shareholders. The aim of this offer is to maintain a competitive environment favorable to consumers and to support investments in telecom infrastructure in France.
Continued Interest in Dialogue
Bouygues Telecom, Free-Groupe iliad, and Orange express their desire to continue discussions with Altice France. They hope to establish constructive dialogue with the Altice Group and its shareholders to explore possibilities for realizing this project in the future.
