Altice, whose €10 billion ($11.2 billion) bid for French operator Bouygues Telecom was rejected this week, a nnounced a restructuring that will see the company merge with its new Dutch company called Altice NV to strengthen its ability to make future acquisitions.
Bouygues Group rejected Altice's unsolicited offer for its telecoms unit, asserting that Bouygues Telecom is "well-positioned" to take advantage of future growth in the telecoms market and can revive profits on its own.
Altice tabled an offer to acquire Bouygues Telecom via its French unit Numericable-SFR in a proposal said to be valued at about €10 billion ($11.4 billion) to €11 billion, although the offer price has not yet been confirmed.
Internet of Things specialist Actility has raised $25 million (€22 million) in fresh funding from investors including Orange, KPN and Swisscom, marking the France-based company's move into full deployment phase.
France's four mobile network operators finally put pen to paper this week on an agreement that commits them to covering all of the country's remaining mobile "not spots" in inhabited areas by 2020.
Iliad reported a 7 per cent increase in revenue for the first quarter of 2015 due to strong mobile sales, and confirmed its target of achieving more than 10 per cent group EBITDA growth for the year as a whole.
Bouygues Telecom remains in a confident mood for 2015 despite swinging to a net loss of €49 million ($54 million) in the first quarter of the year compared to a net profit of €75 million a year previously.
Bouygues Telecom has launched what it describes as France's first Internet of Things (IoT) network based on Long Range (LoRa) technology and designed to connect all manner of devices and "objects" to the Internet.
Iliad said its Free Mobile business achieved a market share of 15 per cent by the end of 2014 and is targeting a share of 25 per cent in the long term.
Iliad lived up to its promise of launching a new offer for Free fixed-line subscribers, but fears that the company's Free Mobile unit would start yet another price war on the French mobile market appear to be unfounded--at least for now.