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Euronews
Euronews
Doloresz Katanich

'Immediately rejected': French telecoms firm SFR refuses rival's bid

SFR Orange Altice Patrick Drahi Bouygues Telecom Bouygues FREE

In a blow to investors hoping for more consolidation in the French telecoms market, the founder and owner of Altice France, Patrick Drahi, rejected a takeover offer for the firm's subsidiary — SFR.

SFR is the second-largest telecom operator in France, serving 26 million people.

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