A Logo sits outside the Headquarters of Bouygues Telecom

A Logo sits outside the Headquarters of Bouygues Telecom

Balint Porneczi/Bloomberg

Bouygues last month brought in a government-controlled fund and sweetened its cash offer to 13.15 billion euros, plus a 21.5 percent stake in the entity created from a merger of SFR with Bouygues Telecom.