HALISTER: Orange Denies Lettre de l’Expansion Report on Bouygues Talks

Orange Denies Lettre de l’Expansion Report on Bouygues Talks

(Bloomberg) -- Orange isn’t in discussions with Bouygues, a spokesman for the carrier said, denying a report by La Lettre de l’Expansion that the companies are close to a telecom deal.
  • Orange remains convinced that consolidation will happen at some point in the future: spokesman
  • Earlier, La Lettre reported Orange CEO Stephane Richard and Bouygues Chairman Martin Bouygues met early March
  • La Lettre de l’Expansion said bankers agreed a value for Bouygues Telecom of around EU10b
  • Bouygues spokesman wasn’t immediately available for comment.

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
EN FP (Bouygues SA)
ORA FP (Orange SA)
ATC NA (Altice NV)
SFR US (Colony Starwood Homes)

People
Martin Bouygues (Bouygues SA)
Stephane Richard (Orange SA)

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