May 29, 2024 05:58 GMT
Bouygues Says SFR, La Poste Have Differences on Telecom Deal -bbg
COMMUNICATIONS
- Dispute resolution mechanism initiated. Could potentially delay deal completion flagged for end-year.
- Deal is small albeit strategic for Bouygues with La Poste Telecom having EUR 300mn in turnover and an initial EUR 950mn indicative price on the announcement of the deal compared to the EUR 56bn in Bouygues FY23 turnover.
- Not a spread mover for Bouygues. However, La Poste Telecom is 49% owned by SFR, a subsidiary of Altice France.
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