The largest telecommunication companies  in France – Orange and Bouygues announced about their merger

The largest telecommunication companies in France – Orange and Bouygues announced about their merger

08.01.2016 News

The largest telecommunication companies  in France - Orange and Bouygues announced about their mergerTwo of the biggest telecom operator in France, recently reported about their intentions to merge. The amount of the transaction and its details were not disclosed at the moment.

This is not the first attempt to conclude an agreement on the merger, talks between the parties were conducted in the past year, but companies  could not reach a consensus and refused the deal. Also, Bouygues Telecom, which  took third place in France in terms of provision of telecommunications services, abandoned a merger with the operator of the “number two” in France – the company Numericable-SFR last year. According to informed sources, the reason for denial could be that the parties could not agree on the amount of the agreement.

About the upcoming merger of Orange and Bouygues,  companies did not give any comments. After the agreement, the combined company will control more than half of the market for mobile and fixed telephony in France, so this transaction will be thoroughly investigated by the authorities, who may have some questions.

Orange was founded in 1994 and it is the world’s largest telecommunication operator and Internet service provider. Its services are available in 23 countries, Orange is the biggest mobile service provider in France. At the end of December 2015 Orange was fined by regulatory authorities of France in  the amount of € 350 million for abuse of dominant market position.

Orange company was accused by regulators in the suppression of competition in the telecommunications sector by illegal means, thus making difficult  the business development of  other telecommunication operators (among which was Bouygues Telecom). Analysts are critical  about the deal, noting that given recent problems of Orange with regulators and  a record fine, it can be assumed that the anti-monopoly committee will block the agreement.

Source: ru.euronews.com

Other articles

  • Germany has threatened to block the Telegram
    News

    Germany has threatened to block the Telegram

    In Germany, Telegram faces a fine of 55 million euros because the company does not have a contact person who would be obliged to communicate with the state to distribute content that violates the law. Der Spiegel reported this. If the company refuses to cooperate with the German authorities, the application may be blocked in […]

  • The National Bank named four factors for the growth of the hryvnia
    News

    The National Bank named four factors for the growth of the hryvnia

    Significant strengthening of the hryvnia against the dollar is due to four main factors. Vasyl Furman, Deputy Chairman of the Council of the National Bank of Ukraine, said this on the air of Ukraine 24 TV channel. “This is primarily an increase in prices in commodity markets, on the one hand, although, on the other […]

  • Ukraine is among the ten countries with the highest earnings on Bitcoin
    News

    Ukraine is among the ten countries with the highest earnings on Bitcoin

    Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]

  • The US and the EU will end the trade dispute between Boeing and Airbus
    News

    The US and the EU will end the trade dispute between Boeing and Airbus

    Authorities in the United States and the European Union have agreed to end a long-running trade dispute over the aerospace concerns Boeing and Airbus, which has resulted in mutual tariffs of more than $ 10 billion, said Catherine Ty, the US representative at the trade talks. “The US-EU agreement marks significant progress in reaching a […]

  • Microsoft has named the date of “death” of Windows 10
    News

    Microsoft has named the date of “death” of Windows 10

    Microsoft will stop supporting Windows 10 on October 14, 2025. This was reported by the company’s press service. Thurrot writes that this means the date of the “death” of Windows 10. The publication adds that the new generation of operating system, which Microsoft will present next week, will not be called Windows 10, at least, […]

  • First Radisson hotel opens in historic port city of Odesa
    News

    First Radisson hotel opens in historic port city of Odesa

    On the shores of the Black Sea, Radisson Hotel City Centre Odesa opens as Radisson Hotel Group’s 7th hotel in Ukraine in operation and under development. With an excellent location on the famous Derybasivska Street, Radisson Hotel City Centre Odesa unlocks the cosmopolitan city of Odesa, full of architectural styles, international cuisines and beautiful Black […]

  • Nvidia’s merger agreement with Arm could take more than two years because of China
    News

    Nvidia’s merger agreement with Arm could take more than two years because of China

    It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group. After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which […]

  • Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour
    News

    Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

    The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

Read also

The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

J&J reported about the strong quarter

Shares of Johnson & Johnson, which rose till 1.44% over the past week, on Tuesday closed with a decrease of 2.3%, despite on the publication of a better-than-expected Wall Street experts, a report for 3 fin. quarter. Investors are concerned about the potential consequences of ending the large-scale study of the J&J vaccine against COVID-19, […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Citigroup’s net profit for the nine months fell twice

Net profit of one of the largest financial corporations in the world Citigroup Inc. in January-September 2020 fell twice, compared to the same period in 2019 to $ 7.068 billion, follows from the reporting of the corporation. Adjusted earnings per share were $ 2.97 against $ 5.89 a year earlier. The financial giant’s revenue for […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Digital tools from METRO to grow your business!

There are more and more services every day that you can use with your own gadget from home. For business in the field of HoReCa, interaction with customers in the digital world is crucial. After all, guests are accustomed to convenient one-click booking, reminders about their reservations and more. Today, business owners are actively developing […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
Analytics

Formation of corporate governance in Ukraine

According to the State Statistics Service on January 1, 2017 it is registered in Ukraine 15 206 join – stock companies, among them there are 3 122 public companies. Despite the 25-year anniversary of the Ukrainian state, the national business has only recently started to rethink management system and effective implementation of global corporate governance […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Lyft announces a resumption of travel and expects profits by the end of 2021

Shares of Lyft, which fell 16.2% since the beginning of the year but jumped 37.4% over the past week, rose 5.8% amid investor reaction to the company’s quarterly report. Lyft reported a loss for the third quarter (ended September 30) at $ 1.46, which is worse than analysts’ forecasts at – $ 0.91 loss per […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

In the new year some of the individual entrepreneurs will be in the shadow: Why work openly became not profitable?

Since the end of 2016 year it has been observed in Ukraine a negative surge of activity among sole proprietorships. It is talking about a mass liquidation of FOP associated with the innovations of the taxation system in Ukraine. Thus, according to the legislation since January 1st of this year, every natural persons-entrepreneurs are undertaken […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Polish IT-company will become a part of Ukrainian SoftServe

January 17 of this year it became known on completion of the procedure of purchase of one of the largest in Eastern Europe IT-company SoftServe assets of Polish developer Coders Centre software, as reported online edition Inventure. The exact amount of the said financial transaction is not advertised, but experts believe that it is between […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Analysts have named the next global reserve of the currency

Chinese yuan in the next ten years could become the third global reserve currency after the dollar and euro. Such conclusion was reached by analysts of Morgan Stanley, writes CNBC. The growth of investment in the Chinese economy is called to be the reason for the increase in demand for the yuan. Currently, it accounts […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

For the first time in Ukraine, a list of critical infrastructure banks has been compiled

For the first time, the National Bank has identified a list of critical infrastructure facilities in the banking system of Ukraine. This was reported on the regulator’s website on Friday, April 23. It is noted that such powers of the NBU are provided by the Law on Basic Principles of Cyber ​​Security of Ukraine. “Objects […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Airbnb will try to get an estimate of $ 35 billion for an IPO

According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

The Stockholm arbitration prohibited the OPP to alienate non-current assets

The Stockholm arbitration prohibited the  “Odessa Portside Plant”, PJSC to alienate non-current assets, according to the press-service of Group DF. “March 31, 2016  the Stockholm arbitration satisfied the request of the  Ostchem Holding Ltd (included in Group DF) and ordered the OPP  till August 31, 2016 to refrain from alienation or encumbrance in any way […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

WOG: business plans for the current year

Yesterday it took place a press conference with the top management of the group companies WOG, where it were voiced the plans of the largest oil trader and retailer of coffee for 2017. Also, the results of the past year were reviewed. CEO of Business Serhiy Koretskyi, together with the director of retail sales Kudin […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Electrolux Company and General Electric Appliances abandoned the anticompetitive agreement for $ 3.3 billion.

Large manufacturers of kitchen appliances announced about the cancellation of the contract, according to which    Electrolux was going to buy a part of General Electric. US regulators filed a claim to court in the summer of 2015 with the requirement to cancel the transaction between the companies (the amount of which was $ 3.3 billion), […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

Gas stations were obliged to warn of rising fuel prices

The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

The tourism industry will lose 120 million jobs

The global tourism industry could lose 120 million jobs due to the COVID-19 coronavirus pandemic. This was stated in a video message by UN General Secretary Antonio Guterres. According to him, tourism has become one of the sectors most affected by the pandemic, and no country has been unaffected by the sharp decline in international […]

Next
The largest telecommunication companies  in France – Orange and Bouygues announced about their merger
News

“Brooklyn-Kyiv” will build a terminal in the port of Ilyichivsk for $ 200 million

The stevedoring company “Brooklyn-Kiev” is going to invest $ 200 million in the construction of a grain terminal in the port of Ilyichivsk. This is stated in the message of the seaport. “Brooklyn-Kyiv” emphasizes that the company comes into the port of Illichivsk not only with the  investments, but also with its know-how in the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com