France's Orange 'studying plans' to buy rival Bouygues Telecom

The former France Telecom's move comes as French ministers encourage 'consolidation' in telecom industry from four to three major players.

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Orange is studying a purchase of smaller French rival Bouygues Telecom and is in talks with conglomerate parent Bouygues, Les Echos said on its website on Thursday, as the government pushes for consolidation in the sector, reports Reuters.