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Orange CFO forecasts ‘inevitable’ merger within French telecoms -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO. French telecom operator Orange Delegate chief executive officer in charge of Group finances and strategy Ramon Fernandez addresses a press conference in Paris on February 21st, 2018. REUTERS/

By Mathieu Rosemain

PARIS, (Reuters) – France will see its number of telecom operator fall from 4 to 3, Orange’s CFO stated on Wednesday. Altice and Iliad, who have recently completed take-private deals, might improve prospects for a merger.

French telecoms markets are still not fully recovering from the protracted price war initiated by Iliad’s Free Mobile services 2012 and which saw cut-throat offer after another affecting each of four operators’ performance. Bouygues (PA:) Telecom.

The industry leaders are now attempting to consolidate their businesses, though all of them have failed so far.

Ramon Fernandez from Orange Finance stated that deals may be made easier by the possible exit of Iliad Europe or Altice Europe. Morgan Stanley TMT conference (NYSE:

Fernandez explained that it was easier for private companies to look at strategic options like consolidation on the French market.

I’m not saying we will see something in France, but it is possible. “But when that time comes, and it will, it’ll be easier for these actors to engage in discussions,” he said.

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