Orange, Bouygues and Altice deny consolidation rumours in French telecoms market

French telcos Orange, Bouygues Telecom, and Altice, via its SFR Numericable unit, have all denied rumours of a potential consolidation in the French telecoms industry, French daily Le Figaro reported.

The report noted that shares in Bouygues, the parent company of Bouygues Telecom, Orange, and Iliad/Free shot up by 2.81%, 2.02%, and 1.71% respectively, as the rumours of renewed discussions between the different players were resurfacing.