Francewatch: Bouygues and Orange keep M&A hopes alive

frw.2025.11.11-briefing

Source: Bouygues Telecom

Analyst Briefing: Aftermath of joint bid by Bouygues, Iliad, and Orange for Altice France, and the hope that discussions will resume despite the offer’s initial rejection.

This article includes:

  • Organisations: Altice Group; ANFR; Arcep; Bouygues Telecom; Cellnex; Deutsche Telekom; Eutelsat; Free; Iliad Group; Orange; Orange Business; Orange France; Orange Group; SFR; SFR Business; TDF; T‑Systems France.
  • Geographic: Europe; France; Lyon; Marseille.
  • People: Achraf Elgheriany; Anna Bercovici; Anne‑Marie Calmeil; Graziella Petit Spadaccini; Marco Patuano.
  • Themes: 4G sites; 5G sites; 5G standalone; AI; cellular towers; M&A; national roaming; Passive Optical Network; public safety; rapid response solutions; satellite system; spectrum licences; towerco.
  • Events: Bouygues Group earnings call Q3 FY25; Cellnex Q3 earnings call; Eutelsat Annual General Meeting; Orange earnings call Q3 FY25.

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