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UPDATE 3-Orange drops out of French mobile deal talks

July 02, 2014

Third-place mobile carrier Bouygues has become a target after losing out in a bidding war in April to buy bigger rival SFR to cable group Numericable. A purchase of Bouygues by Orange would likely have required a parallel deal with Iliad, which would buy Bouygues' network and mobile frequencies, to overcome competitive concerns.

Source: http://www.cnbc.com/id/101807791
 
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