hollywoodtone.blogspot.com Bouygues to sell network to Iliad if SFR bid accepted
hollywoodtone.blogspot.com Bouygues to sell network to Iliad if SFR bid accepted
PARIS (Reuters) - France's Bouygues Telecom <BOUY.PA> has agreed to sell its mobile network and much of its spectrum to smaller rival Iliad <ILD.PA> if its pending bid for Vivendi's <VIV.PA> SFR is successful.
Iliad will pay up to 1.8 billion euros ($2.50 billion) for the Bouygues assets, according to both companies' statements.
"This agreement allows us to present to the (French) antitrust authorities a merger proposal that ensures strong competition on the French mobile market," Bouygues Chief Executive Martin Bouygues said. ($1 = 0.7214 Euros)
(Reporting by Leila Abboud and Gwenaelle Barzic; Editing by Lionel Laurent)
hollywoodtone.blogspot.com Bouygues to sell network to Iliad if SFR bid accepted