Bouygues Telecom, Free–Iliad and Orange Enter Exclusive Talks for SFR Acquisition

Bouygues Telecom, alongside Free–Iliad Group and Orange, has entered into exclusive negotiations with Altice France for the potential acquisition of the mobile operator SFR. The announcement was made on April 18, 2026.

The negotiations cover SFR's entire operations and are expected to conclude within a specified timeframe. The transaction is subject to the fulfillment of various conditions, including regulatory approvals. If completed, the deal would significantly alter the structure of the French telecommunications market.

Altice France, the current owner of SFR, has been exploring strategic options for its business. The ongoing discussions with Bouygues Telecom, Free–Iliad, and Orange highlight the potential impact of this acquisition on market consolidation.

For Bouygues Telecom, this move represents a significant opportunity to expand its market share in France and enhance its competitive position within a dynamic industry.