Bouygues Telecom Signs Agreement to Acquire SFR

Bouygues Telecom, partnering with the Free–iliad Group and Orange, has signed a Memorandum of Understanding with Altice France for the acquisition of SFR, highlighting it as a major European telecommunications transaction. The acquisition aims to generate long-term value across stakeholders and bolster France's digital infrastructure and ecosystem.

The deal, worth €20.35 billion, includes potential financial adjustments based on SFR's performance. Break-up fees range from €0.1 to €2 billion, depending on the initiator and circumstances of any termination. This venture seeks to enhance competition and investment capabilities in the sector.

The agreement entails dividing SFR's assets among the consortium members, with Bouygues Telecom acquiring significant business and consumer operations. Regulatory approval remains pending, with a target completion in late 2027.