NJJ Capital, the private holding company of France-based Iliad founder Xavier Niel, agreed to buy Orange Switzerland from funds advised by Apax Partners for CHF2.8 billion (€2.3 billion/$2.9 billion).
Altice completed an acquisition of mobile operator SFR on Thursday, marking the launch of a new fixed and mobile powerhouse on France's telecoms market.
Altice CEO Dexter Goei has further stirred up the telecoms market consolidation debate in France after he made it clear that the company would be more than interested in buying Bouygues Telecom.
Bouygues Telecom unveiled a new range of mobile plans that will see the company integrate its low-cost B&YOU plans into its overall offering, and reposition itself on the still highly competitive French market.
Bouygues Telecom and Iliad's latest financial results continue to reflect the effect of France's fierce mobile price wars.
Market consolidation is a popular concept with European mobile network operators (MNOs), but recent experience in countries that are members of the Operation for Economic Cooperation and Development (OECD) suggests it may not serve consumers' best interests--even when there remains a choice of three network providers.
Xavier Niel, the founder of France's Iliad and Free, dashed French consolidation hopes by saying he was not interested in buying domestic rival Bouygues Telecom.
Orange produced better-than-expected results in the third quarter of 2014 as the France-based operator halted the pace of revenue decline and made progress with cost cutting.
With what appeared to be a Gallic shrug and a large sniff in the best traditional style, Iliad this week finally abandoned plans to buy T-Mobile US, thus ending a period of intense speculation over what Iliad owner Xavier Niel might offer next for the Deutsche Telekom-owned operator. The question now is: what will Niel and Iliad do next?
Now that French Internet and mobile company Iliad has dropped its pursuit of T-Mobile US, it seems likely that T-Mobile will continue as an independent entity and a unit of Deutsche Telekom for the foreseeable future. Financial analysts seem to think that's great news for T-Mobile, which has had strong momentum in the market.