2024-08-19 19:49:11
The Competition Authority has given the green light to the operator to acquire the postal group’s trademark. The redemption must also receive the approval of SFR, which has 49% of the shares.
The Competition Authority has given the green light to Bouygues Telecom’s acquisition of the mobile telephone operator La Poste Telecom, owned by the La Poste group and SFR. Freedom of authority, which “has ruled out any risk of harm to competition linked to the work on the products concerned”so give permission “wrong positions”he wrote Monday was published.
The director stated that Bouygues Telecom had notified him of the acquisition of La Poste Telecom on July 12, five months after the subsidiary of the Bouygues group announced that it was in exclusive negotiations to take control of the virtual operator for 950 million euros . ‘Euro. The agreement also provides that La Poste retains exclusive distribution control between post offices.
“Limited Stock Units”
Authority “note that the business cannot harm the competition”, “due to the limited market shares of La Poste Telecom”such as press release. “It also takes into account the competition played mainly by the MNOs (main telephone operators, editorial note) competing with Bouygues Telecom: Orange, SFR and Free”.
It finally indicates ownership “Remove the danger” that Bouygues Telecom does not reduce or deny access to its network to virtual operators (or MVNOs) competing with La Poste Telecom, who do not own the infrastructure and lease the networks of the sector behemoths. “La Poste does not want to comment” to the announcement from the Competition Authority, he responded, asked by AFP. La Poste Group announced in mid-January that it had started “a presentation on the evolution of capital” of its subsidiary launched in 2011 and 51% owned with SFR, the distributor (49%) which provides with its network.
In addition to the agreement of the Competition Authority, this acquisition also requires the approval of SFR, committed to providing La Poste Telecom’s network until the end of 2026. SFR has the right of pre-emption on shares on sale as priority. La Poste Telecom is the fifth operator in the French market, with 2.3 million customers, after Orange, SFR, Bouygues Telecom and Mobile Free.
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