A revolution is beginning in the French telecoms market. Weighed down by a colossal debt of 24 billion euros, Patrick Drahi, at the head of Altice France, the parent company of SFR, accepted, after months of negotiations, the joint offer to buy out his operator by its competitors Bouygues Telecom, Orange and Iliad (Free) for an amount of 20.35 billion euros. A historic sale, 42% supported by Bouygues Telecom, 31% by Free-Groupe Iliad and 27% by Orange.
The dismantling of SFR, an operator with 25 million customers, represents “one of the largest industrial operations in Europe in the telecommunications sector”, underline the companies, while an unprecedented reconfiguration is looming with a return to three operators in France.
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