France's Orange, Bouygues Confirm Talks on Possible Tie-Up

by Naharnet Newsdesk 05 January 2016, 10:25

French telecoms operators Orange and Bouygues both confirmed Tuesday in separate statements that they were were in "discussions" with a view to a possible tie-up.

Orange announced it had "renewed preliminary discussions" with Bouygues, while the company headed by Martin Bouygues said in its statement that "a confidentiality agreement" had been signed Tuesday by the two groups.

"For the moment, no decisions have been taken and there is no guarantee that there will be an outcome to these preliminary discussions," Bouygues added.

For several weeks press reports have indicated the two telecom groups were in talks on a possible tie-up which, if it went through, would reduce the number of France's operators from four to three.

Source: Agence France Presse

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