Latham & Watkins Advises Orange on the Proposed Acquisition of SFR

Latham & Watkins advises Orange, one of the world’s leading telecommunications operators, in connection with the signing of a memorandum of understanding with Altice France for the acquisition of SFR, France’s second‑largest telecommunications operator, by a consortium comprising Orange, Bouygues Telecom, and Free–iliad Group.

The proposed transaction values the relevant Altice France assets at a total enterprise value of €20.35 billion. This is one of the largest industrial transactions in the European telecommunications sector.

The transaction remains subject to the approval of the competent regulatory authorities.

The Latham team advises Orange on antitrust matters, with a team led from Paris by partners Jacques‑Philippe Gunther and Adrien Giraud, with London partner Ludmilla Le Grand, and associates Clémence Coppin, Louis‑Victor Sachs, Thomas Harbor, Marion Penloup, Allan Herlen, and Victor Gerardin.