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Orange, Bouygues Télécom and Free announce an agreement with Altice for the acquisition of SFR
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On the evening of Saturday June 6, Orange, Free and Bouygues Télécom, grouped under the nickname “Le Consortium”, just announced an agreement for the takeover of SFR. This joint acquisition agreement is based on an offer announced at 20.35 billion euros. With in return, a piece of SFR's activities for each entity.
To go further
The takeover of SFR is being played out this weekend: France on the verge of returning to three operators, something not seen since 2012
Free recovers RED, Bouygues the business part and Orange certain MVNOs
During this series, the main points of friction concerning “The Consortium” were located on the distribution of offers between the three entities. After several weeks of procrastination and tension, they have just found common ground around the following division:
- Free Mobile recovers the customer base of RED by SFR with part of SFR's consumer activities as well as the VSE customer base under the SFR brand, for an estimated total of 8 million customers.
- Bouygues Telecom, for its part, obtains the majority of SFR's consumer activities, but also those of the MVNO Prixtel for 6.4 million customers. As a bonus, the operator now has SFR network coverage in non-dense areas as well as FTTH network share in dense areas.
- Orange finally collects part of the activities of the SFR consumer network, but also of the MVNOs Réglo, Syma, Coriolis for a total of 4.9 million customers.
In addition to SFR's customer activity, "The Consortium" also distributes the operator's network infrastructures which are intended, according to Orange's plans, to be optimized.
What is the continuation of the operation?
If an agreement is validated between all parties, this does not mean that the acquisition process can begin. The three operators are now entering into negotiations with the staff representative bodies.
Some negotiations are still underway and the press release advances the timing of this transaction to the second half of 2027. The agreement can be broken as we recently experienced in the case of the takeover of Warner Bros. In this case, the closing would be borne at an equivalent level between the three operators depending on the entity terminating the operation. The return of a three-operator market has never been closer.