News Summary:
SFR parent company Altice France reported declining revenue and EBITDA in the three months to June, reflecting customer losses at both its fixed and mobile operations. The mobile base declined by just over 1% year-on-year to 19.1 million, hurt by net losses of 161,000 and 165,000 in the second and first quarters, respectively, as of August 26, 2026. Previously, on July 3, 2026, Bouygues Telecom S.A. faced a CreditWatch Negative rating from S&P Global Ratings following its June 6, 2026, announcement of a memorandum of understanding with Altice France to acquire some of its assets, a plan that Orange and Free-Iliad group also pursued. This followed comments on June 13, 2026, from France's antitrust chief, who stated that the proposed €20.35 billion buyout of SFR by the three network operators—Bouygues Telecom, Free, and Orange—was "not self-evident" and required approval from competition authorities to close SFR and divide its assets. Earlier, on June 11, 2026, Mayer Brown advised Altice France on the tax and structuring aspects for the June 6, 2026, signing of that Memorandum of Understanding.
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