Shakeup in the French telecom sector?

|By:, SA News Editor

French billionaire Patrick Drahi is set to pay as much as €4B, as part of a transaction that would carve up Bouygues' (OTCPK:BOUYY) telecom unit and reshape France's telecom sector, WSJ reports.

Under the framework of a possible deal, Orange (NYSE:ORAN) would buy Bouygues Telecom for €10B in shares and cash, and then sell a large part of its fixed-line and mobile customers to Numericable-SFR (OTCPK:NUMCF).

Following the move, Iliad (OTCPK:ILIAY) would pay a little more than €2B to acquire Bouygues Telecom’s spectrum, network and shops.

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