Bouygues reportedly met François Hollande to discuss SFR

by bold-lichterman

An official offer could be made very quickly …

Martin Bouygues would have met François Hollande on his return from his trip to Nigeria. At the heart of the discussions: the presentation of its plan to buy out SFR while almost all French telecoms players – with the exception of Orange – are eyeing the Vivendi subsidiary according to the report. Sunday newspaper who argues that the businessman would also have discussed with Fleur Pellerin, Minister for SMEs, Innovation and the Digital Economy, and Arnaud Montebourg, Minister for productive recovery.

The French operator wants to avoid isolation if SFR were to be sold to Numericable, the first interested party, or Iliad, the parent company of Free, which would also be working on a possible acquisition, even if the Competition Authority is was opposed to such an idea a year ago.

In addition to the strong synergies between the two companies, Bouygues would have thus played on its better financial health – Numericable being heavily in debt – to commit to a transaction exceeding the 5 billion euros offered by the cable operator and promise that it there would be no plan of layoffs according to the newspaper which suggests that Bouygues should present an offer within the next 10 days.