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Story summary
- A Bouygues Telecom-led consortium is nearing a provisional agreement to acquire SFR, Altice founder Patrick Drahi’s telecom unit.
- The group includes Iliad SA and Orange SA, raising its offer to €20.35 billion from €17 billion.
- The deal would reduce France’s four major telecom players to three, pending regulatory approval.
- SFR unions have voiced concerns about potential job losses and higher prices.
- The exclusivity period lasts until May 15.
