French telecoms groups Orange, Bouygues and Iliad-owned Free are exploring a fresh multibillion-euro offer to buy rival SFR that would also encompass other assets from Patrick Drahi’s Altice France empire, as they step up efforts to bring the tycoon to the negotiating table.
The three operators, which had a €17bn joint bid for the bulk of SFR’s operations rejected in October, are exploring an expanded bid in an effort to simplify any sale process for Drahi, according to three people familiar with the matter.
As well as SFR, Altice France also owns operations in the French overseas territories and holds stakes in outsourcing operation Intelcia, data centre business UltraEdge and broadband network XpFibre.
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