Altice’s Patrick Drahi Rejects €17 Billion SFR Offer from French Telecom Consortium
Altice founder Patrick Drahi has immediately rejected a €17 billion offer for SFR from France’s three major telecom operators. The proposed deal would have consolidated the French mobile market from four to three major players while addressing Altice’s significant debt burden.
In a dramatic rejection that could reshape the French telecommunications landscape, Altice owner Patrick Drahi has immediately turned down a €17 billion offer for the company’s SFR mobile unit. The bid came from a consortium comprising France’s three major telecommunications companies – Orange, Bouygues Telecom, and Free – in what would represent one of Europe’s most significant telecom market consolidations.