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In France, a Billionaire in Trouble – and the Telecom Sector Consolidates
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A consortium with three of France's leading telecom companies – Bouygues, Free-iliad and Orange – is close to buying the SFR, the operator of Altice in the country, for €20.3 billion. After Patrick Drahi, the French-Israeli entrepreneur who controls Altice, having rejected a proposal of €17 billion of the same consortium in October, the companies announced that they entered exclusive negotiations around the new proposal and will have until May 1…
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