French antitrust watchdog to examine Orange, Iliad, Bouygues' SFR deal, sources say

France’s competition regulator will examine Orange, Iliad, and Bouygues’ €20.35B ($23.24B) joint bid for telecom operator SFR. The review introduces potential approval risk and timing uncertainty for the deal, which is likely to weigh on near-term sentiment around the transaction.

Analysis

France’s competition regulator will examine Orange, Iliad, and Bouygues’ €20.35B ($23.24B) joint bid for telecom operator SFR. The review introduces potential approval risk and timing uncertainty for the deal, which is likely to weigh on near-term sentiment around the transaction.