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flag A French telecom consortium is negotiating to buy SFR for up to €20 billion, but no deal is finalized.

flag A consortium of Bouygues Telecom, Free, and Orange is negotiating to acquire SFR, with due diligence ongoing since early January 2026, but no final deal has been reached. flag The group may raise its offer to €20 billion, up from €17 billion, to meet Altice’s expectations. flag Analysts note the proposed valuation is high relative to asset quality and recent deals, though potential benefits could emerge over three to four years. flag The transaction remains uncertain.

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