Bouygues-led Consortium Signs Deal to Acquire SFR from Altice France for $23.44 Billion

A consortium led by Bouygues has signed a definitive agreement to acquire French telecommunications company SFR from Altice France in a deal valued at $23.44 billion. According to Reuters, this acquisition is seen as a major consolidation move in the French telecom sector. Under the terms of the agreement, Bouygues and its partners will take full ownership of SFR's shares. The purchase price will be financed through a combination of cash and debt assumption. The transaction is viewed as part of Altice France's strategy to reduce its debt burden. SFR is France's second-largest mobile operator. Bouygues is a holding company operating in telecommunications, construction, and media in the country. This acquisition will significantly strengthen Bouygues' presence in the telecommunications market. The completion of the deal is subject to regulatory approvals. The parties expect the transaction to close in the first half of 2025. This acquisition could alter competitive dynamics in the French telecom sector. This is not investment advice.