October 25, 2018 / 5:24 AM / 20 days ago

Bouygues Telecom in talks to buy phone services firm Keyyo

PARIS, Oct 25 (Reuters) - Bouygues Telecom is in talks to buy Keyyo, a French company offering phone services to small businesses and households, which has a market capitalisation of around 50 million euros ($57 million).

Keyyo said on Thursday that Bouygues would offer 34 euros per share, marking a premium of 30 percent to Keyyo’s closing price of 26 euros on Oct. 24.

France’s main telecoms companies are market leader Orange , Bouygues Telecom, Altice Europe’s SFR and Iliad, with the sector often viewed by analysts as having the potential for consolidation. ($1 = 0.8767 euros) (Reporting by Sudip Kar-Gupta; Editing by Gopakumar Warrier)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below