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Orange, Bouygues Telecom confirm merger talks
2016-01-05 09:49:00| Telecompaper Headlines
(Telecompaper) Orange and Bouygues have confirmed that they are conducting preliminary discussions with a view to consolidation. Orange writes that the talks are not limited by any particular calendar and that they hold no commitment to any particularly predefined outcome. It adds that it will act solely in the interest of its shareholders, its employees and customers and will be particularly vigilant with regard to the value created through any resulting project. Bouygues confirmed that a confidentiality agreement had been signed by the two companies as they look at possible options. It said more information will be disclosed in due course according to the progression of these discussions.
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Orange in talks to buy 65% of Groupama to launch mobile bank
2016-01-05 09:08:00| Telecompaper Headlines
(Telecompaper) Orange has entered into exclusive negotiations with French banking and insurance group Groupama with a view to Orange acquiring 65 percent of Groupama Bank ahead of the launch of Orange Bank in France at the start of 2017. Orange Bank is described as a 100 percent mobile bank that will offer all standard banking services, including savings loans and insurance services.After its launch in France, Orange plans to extend its banking service to other European markets such as Spain or Belgium.
Orange, Bouygues finally 'fess up to merger talks
2016-01-05 01:00:00| Total Telecom industry news
Deal would require significant remedies in order to win over competition watchdogs.
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orange
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merger
Orange aims to launch bank next year
2016-01-05 01:00:00| Total Telecom industry news
Telco to open mobile-only bank in France in early 2017 with other European markets to follow.
Orange, Bouygues enter formal acquisition talks - report
2016-01-04 10:57:00| Telecompaper Headlines
(Telecompaper) Orange and Bouygues signed a confidentiality agreement on 24 December 2015 which marks the start of their official talks about Orange's potential acquisition of Bouygues Telecom, writes Journal du Dimanche, citing several unnamed sources. The deal under discussion would value Bouygues Telecom at about EUR 10 billion. Orange would pay EUR 8 billion with an around 15 percent Orange stake and the remainder in cash. The French government's stake in Orange would be diluted to slightly under 20 percent or more if the state investment company BPI sells part of its holding.
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orange
formal
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