After SFR, Bouygues Telecom the next prey of Numericable?
The concentration in the telecoms sector is probably not yet over. After getting hold of SFR for 13.5 billion euros, Altice, the parent company of Numericable, is considering a possible takeover of Bouygues Telecom, number 3 in the sector in difficulty since it failed to acquire the Vivendi subsidiary.
“At present, we are in the process of integrating SFR, but if we receive a call from Bouygues on Friday, then why not? ” at said Dexter Goei, the CEO of Altice, adding that “there is a great potential for synergy” between the two entities. Patrick Drahi, CEO of Altice, would have even sent emissaries to Bouygues Telecom and Free according to BFM Business, stressing that no offer has yet been made, discussions are still only “embryonic”.
Transfer one of the networks to Free?
Such an operation, if successful, would have the consequence of reducing the number of mobile telephone operators to three, and therefore of limiting competition. But it will have to be validated by Arcep, the telecoms gendarme. This could require that one of the two networks is then sold to Free.
To finance the takeover of SFR, Numericable has managed to raise 4.7 billion euros on the markets, as part of an operation launched on October 29, when more than 8 billion euros had already been raised there a few months.