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French telecoms join forces to break up embattled SFR
French telecoms join forces to break up embattled SFR
Economy
by  AFP

Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market. If the takeover bid is successful, Bouygues would acquire 43 percent of SFR's operations, Iliad 30 percent and Orange 27 percent.