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EN: XPAR (FRA)

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Orange: Consortium Raises Bid to EUR 20.35 Billion; Fair Value Estimates Unchanged

Javier Correonero , Jack Fletcher-Price

Apr 17, 2026

Orange, Iliad, and Bouygues Telecom have sent a new offer valuing most of Altice France’s assets at EUR 20.35 billion. This is 20% higher than the EUR 17 billion offer made in October 2025. The asset split would be the same as in the original offer, with Orange receiving 27% and Bouygues 42%.

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Orange: Consortium Raises Bid to EUR 20.35 Billion; Fair Value Estimates Unchanged

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