Iliad-Bouygues Telecom Deal at a Standstill

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June 10 (Bloomberg) –- Bloomberg’s Caroline Hyde reports on what’s holding up the deal between France’s third and fourth-largest mobile carriers. She speaks to Mark Barton and Anna Edwards on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

The telecommunication sector.

A possible tie up between iliad and bouygues.

We -- buoygues things it is worth more.

How much is the difference between the parties?

Phenomenally huge.

4 to 5 billion euros.

Bouygues thinks it is worth 7 to 8 billion euros, almost double what iliad thinks it is worth and way above what analysts think it is worth as well.

Analysts have analyzed this and said, bouygues, probably about 5 billion euros, which is a significant amount.

Just two years back, as an entire conglomerate, remember, they are only 17% sales, telecom.

It was worth 5 billion euros as a whole entity two years ago.

Now it is worth 11.5 billion.

It is asking for a hefty rise tag overall.

And what is so interesting is the reason for which this deal is coming about.

Bouygues wanted to be a purchaser.

It was a buyer and now it is turning itself into a seller because sfr is being disposed of by vivendi.

It did not win out so now bouygues might have to sell its

This text has been automatically generated. It may not be 100% accurate.


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