Wednesday, 18 July 2018

Orange hires banks for possible Bouygues bid

By Nick Wood, Total Telecom
Thursday 05 June 14

French incumbent reportedly preparing regulatory remedies as part of €6 billion swoop for ailing rival.

Orange has hired two investment banks, Lazard and Credit Suisse, to advise it on a possible bid for rival Bouygues Telecom. Unnamed sources cited by Reuters on Wednesday said the companies have been holding talks for around six weeks about a deal potentially worth as much as €6 billion. The sources added that Orange has not made a final decision on whether to proceed with a bid because it is waiting for the outcome of the European Commission's antitrust review of Telefonica Germany's proposed acquisition of local rival E…

Orange has hired two investment banks, Lazard and Credit Suisse, to advise it on a possible bid for rival Bouygues Telecom. Unnamed sources cited by Reuters on Wednesday said the companies have been holding talks for around six weeks about a deal potentially worth as much as €6 billion. The sources added that Orange has not made a final decision on whether to proceed with a bid because it is waiting for the outcome of the European Commission's antitrust review of Telefonica Germany's proposed acquisition of local rival E…

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