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Will Three Billionaires Fix France’s Telecom Industry?

Angelina Rascouet
Will Three Billionaires Fix France’s Telecom Industry?

The merger music is playing again in France’s telecom industry, two years after the last failed takeover attempt. Consolidation returned as a hot topic when Bloomberg reported in April that Bouygues SA was considering teaming up with investment firms to bid for Patrick Drahi’s struggling French business, Altice Europe NV’s SFR. Bouygues has since confirmed an approach, without naming the target.