PARIS – The ambitious owner of France's phone and internet provider SFR is making an offer to buy rival Bouygues Telecom.
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European telecommunications company Altice announced Monday that it has made an offer through its subsidiary Numericable-SFR for Bouygues.
Bouygues is holding a board meeting Tuesday and would not immediately comment on the bid.
Altice bought SFR from Vivendi last year in a deal for more than $20 billion, and recently entered the U.S. market with a $9.1 billion stake in Missouri-based Suddenlink Communications. Altice has operations in France, Belgium, Portugal, Switzerland, Israel and elsewhere.