Such a merger had already been rejected last year by the Competition Authority
New rebound in the buyout affair, which is increasingly akin to a monopoly game between French telecoms players. Vivendi, the parent company of the operator at the red square, confirmed yesterday “to have been approached by Altice with a view to a merger between SFR and Numericable” while confirming that “no formal offer has been received by Vivendi” . An announcement which obviously did not escape Bouygues which, according to Le Figaro, would study the possibility of submitting a counter-offer and thus avoid isolation. The operator would even have mandated HSBC and Rothschild to evaluate such an option.
From now on, it would be Iliad, owner of Free, who would in turn look into the SFR file according to Les Echos, even if no formal proposal had been filed. A scenario that could quickly be counter-circulated since the Competition Authority had opposed a merger between the two operators to avoid too much market concentration. As the newspaper specifies, all the players would now be on the lookout except for Orange. This will make it even more difficult for Numericable.