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Bouygues Telecom is positioning itself to buy La Poste Mobile

2024-02-22T18:32:42.159Z

Highlights: Bouygues Telecom is positioning itself to buy La Poste Mobile. The group announced Thursday the signing of an exclusivity protocol to buy the virtual operator. SFR, which holds half the capital, nevertheless has a right of pre-emption over thevirtual operator. The subsidiary of the Martin Bouygues group seems to be the best positioned today, says a source close to Altice, parent company of SFR. The project will be submitted to them and they will have to look at it, the source adds.


The group announced Thursday the signing of an exclusivity protocol with the La Poste group to buy the virtual operator.


The subsidiary of the Martin Bouygues group has entered into exclusive negotiations with the subsidiary of La Poste.

SFR, which holds half the capital, nevertheless has a right of pre-emption over the virtual operator.

Prey drives the entire telecoms sector.

La Poste Mobile, a virtual operator with 2.3 million customers, has been the subject of much desire for several weeks.

Following the decision of its parent company to sell this asset, Free, Orange and Bouygues Telecom have expressed interest in buying this nugget.



The subsidiary of the Martin Bouygues group seems to be the best positioned today.

This Thursday evening, the operator announces the signing of an exclusivity protocol for the takeover of La Poste Mobile.

Bouygues is ready to spend up to a billion to buy La Poste Mobile (950 million euros).

“This operation is fully in line with Bouygues Telecom’s growth strategy.

It would allow it to strengthen its base of around 2.3 million mobile customers, presenting a high level of customer satisfaction

,” indicates Bouygues Telecoms.

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Read alsoLa Poste Mobile for sale: what impact for its 2 million customers?

A profitable operator


With 300 million euros in turnover in 2023, La Poste Mobile is one of the rare virtual operators that does not have a network to supertrain.

It is also a profitable operator.

Bouygues Telecom estimates that the operator would ultimately contribute 140 million euros to its Ebidta.

The fact remains that SFR, holder of 49% of the capital, currently has a right of pre-emption to acquire the 51% which does not belong to it.

“The project will be submitted to them and they will have to look at it”

indicates to Le

Figaro

a source close to Altice, parent company of SFR.

Source: lefigaro

All news articles on 2024-02-22

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