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Finance

Altice rejects Bouygues, Orange, Iliad group's offer to buy SFR, AFP reports

Published by Global Banking and Finance Review

Posted on October 15, 2025

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PARIS (Reuters) -French telecom group Altice France told employees on Wednesday that it had "immediately rejected" an offer from rivals Bouygues, Orange and Free-Iliad group to buy its mobile unit SFR, news agency AFP reported.

The three groups said late on Tuesday that they had submitted a nonbinding offer to acquire a large part of Altice's activities in France for a total enterprise value of 17 billion euros ($19.77 billion).

($1 = 0.8598 euros)

(Reporting by Makini Brice and Inti Landauro)