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Birthday : 05/03/1952
Place of birth : Suresnes (92) - France
Biography : Founder of Maison Bouygues, Martin Bouygues is a French businessperson who has been at the helm of 7

Bouygues CEO - consolidation of France's telecoms market is 'impossible'

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08/29/2019 | 06:34am EST
Martin Bouygues, Chairman and CEO of French industrial and telecoms conglomerate Bouygues attends Monaco's offshore extension project presentation to reclaim 15 acres of land from the sea

PARIS (Reuters) - A merger between two of France's four telecoms operators is now impossible, said the chief executive officer of Bouygues Telecom's parent company.

"I think it's a movement that has become impossible," Martin Bouygues told analysts on Thursday, after the publication of the conglomerate's first-half results.

"It's a political choice that we have to accept," he added.

The French telecoms sector has been awash with regular merger speculation ever since a round of talks between Orange, Altice Europe's SFR and Iliad failed three years ago, ending an attempt to ease a price war that has hit the margins of all four companies.

(Reporting by Gwenaelle Barzic; Writing by Mathieu Rosemain; Editing by Sudip Kar-Gupta)

Stocks mentioned in the article
ChangeLast1st jan.
ALTICE EUROPE N.V. -2.67% 5.98 Delayed Quote.6.96%
BOUYGUES -2.86% 36.99 Real-time Quote.0.53%
ILIAD -0.09% 114.9 Real-time Quote.-0.39%
ORANGE -0.84% 12.985 Real-time Quote.-0.23%
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