French Telecom Consortium Resumes Negotiations for Altice Assets

Three major French telecom firms are in talks to buy Altice's local assets. This follows a rejected 17 billion euro bid as market consolidation grows.

Insights:
On January 22, 2026, a consortium of leading telecommunications providers in FR FRFRannounced they are engaged in ongoing discussions with Altice France to acquire a significant portion of its activities. Orange S.A. , Bouygues SA , and Iliad S.A. -owned Free confirmed that formal due diligence procedures commenced in early January 2026. This move marks a renewed effort to consolidate the nation's telecommunications sector following a previous attempt late last year.
The Bouygues Telecom company logo is seen at a shop in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau
The Bouygues Telecom company logo is seen at a shop in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau
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