Ron Burgundy Posted June 23, 2015 Share Posted June 23, 2015 By Leila Abboud and Dominique Vidalon PARIS (Reuters) - French conglomerate Bouygues on Tuesday snubbed an offer for its telecom unit from larger rival Altice that sources put at 10 billion euros ($11.2 billion), citing execution risks and confidence it could prosper on its own. The board believes Bouygues Telecom is well placed to benefit from a new period of growth in the telecoms market, underpinned by digital usage, Bouygues said in a statement. It added that the offer presents a "significant execution risk, which should not be borne by Bouygues, particularly in terms of competition law in both the fixed and mobile markets". View the full article Quote Link to comment Share on other sites More sharing options...
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