French Telecom Consortium to Acquire SFR for €20.4 Billion, Cutting Market to Three Players

A consortium of French telecom operators including Bouygues, Iliad, and Orange has agreed to acquire SFR, France's second-largest mobile operator owned by billionaire Patrick Drahi, valuing the company at €20.4 billion including debt. The deal will reduce France's competitive landscape from four major operators to three, as the consortium plans to divvy up SFR's assets and customer base. The transaction is subject to approval by competition regulators, who will assess its impact on market competition and service diversity.
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