World Economy

Mobile Merger Fails

Mobile Merger FailsMobile Merger Fails

Talks ended between Orange and Bouygues, which together represent over 60% of France’s mobile market. Insiders have blamed the failure of negotiations on disagreements over valuation, DW reported. After months of intense negotiations regarding a possible merger, two of France’s four mobile network operators—Orange and Bouygues Telecom—have broken off talks. Orange later confirmed the report. “Following in-depth discussions, Orange’s board of directors concluded that an agreement for a merger with Bouygues Telecom couldn’t be found,” it said in a statement. A deal was expected to have a volume reaching up to €10 billion ($11.39 billion).