French Telecom Operators Open New Acquisition Talks with Altice

Major French telecom operators have entered fresh talks to acquire Altice Group's domestic assets. This proposed deal would consolidate the existing market to three players.

Insights:
Three major French FRFRtelecommunications operators Orange S.A. , Bouygues S.A. , and Iliad S.A. -owned Free announced on January 22, 2026, that they are in ongoing talks with Altice Group to acquire a large part of its telecommunications activities in France. Due diligence for the potential transaction commenced in early January 2026, signaling a significant attempt to consolidate the market.
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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