French telecoms trio raise SFR bid to $24 billion in sector shake-up
French telecoms operators Bouygues , Iliad-Free and Orange said on Friday they had made an increased 20.35 billion euro ($23.97 billion) bid to buy SFR from billionaire Patrick Drahi’s Altice France.
If it goes ahead, the proposed deal would shake up one of the most competitive telecoms markets in Europe as operators in France have been engaged in a price war for several years, pressuring margins and revenue growth.
