29 May 2014
| Kavit Majithia
Orange has said there is an urgent need for consolidation in France and a move could be made in the coming weeks.
Stephane Richard, CEO at the
company, said that he expects another deal to occur in the
market following the tie-up between SFR and Numericable, which
was signed last month.
"If something is to happen, it will happen in the coming
weeks," he said, speaking to local French radio.
According to Reuters, Orange is examining what role it
can play in any possible consolidation, and it is rumoured that
the company is interested in a merger with Bouygues Telecom, which was backed up last week by
France’s economy minister, Arnaud
According to Montebourg, France will become a three-player
market in the future. Bouygues is reportedly valued at €5