France's Bouygues in talks to sell mobile network
Published on Mar 9, 2014 2:54 PM
PARIS (AFP) - French conglomerate Bouygues Telecom is ready to sell its cell phone antennas and frequencies to competitor Free to smooth its bid to take over Vivendi's SFR, its chief executive said on Sunday.
Bouygues Telecom is hoping to create a new French telecoms powerhouse with its 14.5 billion euro (S$25.5 billion) offer for SFR. But it has a rival suitor in cable operator Numericable, and is also dogged by worries that anti-trust authorities could block the purchase.
Both Bouygues Telecom and SFR operate fixed-line, Internet and mobile networks.
By selling its mobile antennas and frequencies to Free, the smallest player in the French telecoms market, Bouygues Telecom stands to clear up concerns that its acquisition of SFR would undermine competition in the sector.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here