Bouygues moves to ease antitrust fears over Vivendi mobile deal

|About: Bouygues SA ADR (BOUYY)|By:, SA News Editor

French conglomerate Bouygues (BOUYY) has agreed to sell part of its network and wireless spectrum to smaller French competitor Iliad for up to €1.8B ($2.5B) if Bouygues succeeds in its efforts to merge its mobile phone unit with Vivendi (VIVHY, VIVEF) subsidiary SFR.

The asset sale would be part of Bouygues' attempts to assuage antitrust concerns in France about the cellular deal.

Bouygues faces competition for SFR from Amsterdam-listed Altice, which doesn't face the same antitrust hurdles as Bouygues.