Bouygues shuns Altice's bid for telecom arm

Bouygues Telecom board rejects €10 billion offer from rival saying it is well-placed to benefit from new period of growth in telecoms market.

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French conglomerate Bouygues on Tuesday snubbed an offer for its telecom unit from larger rival Altice that sources put at 10 billion euros ($11.2 billion), citing execution risks and confidence it could prosper on its own, reports Reuters.