Orange and Bouygues boards to meet on telecoms tie-up: sources


Passerby walk past shops of French telecom operators Bouygues Telecom and Orange in Montbeliard, France, January 5, 2016. Plans to cut the number of players in the French telecoms industry were firmly back on the table on Tuesday after Orange revived talks with Bouygues Telecom to create a giant with more than half of the country's fixed-line and mobile markets. REUTERS/Vincent Kessler

PARIS: The Orange and Bouygues boards are scheduled to meet separately on March 30 to discuss the planned sale of Bouygues's telecom unit, two sources close to the matter said. 

With one day remaining before the deadline set by both companies for agreement on the €10bil (RM44.80bil) sale of Bouygues Telecom to Orange, key aspects of the deal remain under discussion and may not be concluded by March 29, one of the sources said. 

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