Consortium Led By Bouygues, Orange And Free-iliad Signs MoU To Acquire SFR From Altice France

India, June 6 -- Bouygues Telecom, together with Orange and the Free-iliad Group, has signed a Memorandum of Understanding with Altice France to acquire SFR. The agreement covers most of Altice France-SFR's assets, excluding stakes in XP Fibre, Ultraedge, Altice Technical Services, and operations in France's overseas departments and regions.

The proposed transaction values the assets at 20.35 billion euros, subject to closing adjustments. These include a potential earn-out of up to 0.65 billion euros and possible downward price adjustments or exit provisions depending on SFR's financial performance before closing.

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