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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Bouygues    EN   FR0000120503

BOUYGUES

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Orange says Bouygues Telelcom acquisition unlikely to impact credit rating

02/24/2016 | 12:12pm EST

BARCELONA (Reuters) - Orange's (>> ORANGE SA) credit rating is unlikely to be impacted by the potential acquisition of Bouygues Telecom, Chief Financial Officer Ramon Fernandez said in an interview with Reuters on Wednesday.

BARCELONA (Reuters) - Orange's (>> ORANGE SA) credit rating is unlikely to be impacted by the potential acquisition of Bouygues Telecom, Chief Financial Officer Ramon Fernandez said in an interview with Reuters on Wednesday.

"It will depend on the terms of the transaction, but it's unlikely," Fernandez said in the Orange stand at the annual Mobile World Congress held in Barcelona. "We have a very strong balance sheet," he added.

The leading French telecoms operator holds an investment-grade rating with all three major credit rating companies. Its grade is Baa1 at Moody's, BBB+ at Standard & Poor's and Fitch Ratings.

Orange resumed talks in January to buy Bouygues' telecoms unit in a complex 10 billion-euro transaction that would cut the number of French telecoms operators to three and make Bouygues one of Orange's two main shareholders after the French state.

Orange is holding parallel talks with Numericable-SFR (>> Numericable Group) and Iliad (>> ILIAD), as any deal would require selling Bouygues Telecom's assets to rivals to ease competition concerns.

Echoing comments made by Bouygues's chief executive officer Martin Bouygues on Wednesday, Fernandez said the talks must reach a conclusion, either positive or negative, in March.

"The month of March will be key," Fernandez said. "It's in everyone's best interest that talks don't go on indefinitely."

(Reporting by Mathieu Rosemain; editing by Michel Rose)

Stocks treated in this article : BOUYGUES, ORANGE SA, ILIAD, Numericable Group

© Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
BEST INC. 12.50% 2.43 Delayed Quote.5.88%
BOUYGUES -1.65% 34.5 Real-time Quote.4.25%
ILIAD S.A. -0.63% 156.65 Real-time Quote.-6.22%
ORANGE -1.04% 9.562 Real-time Quote.-0.74%
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Financials
Sales 2020 34 273 M 41 714 M 41 714 M
Net income 2020 573 M 698 M 698 M
Net Debt 2020 2 620 M 3 188 M 3 188 M
P/E ratio 2020 23,3x
Yield 2020 4,97%
Capitalization 13 136 M 15 954 M 15 988 M
EV / Sales 2020 0,46x
EV / Sales 2021 0,44x
Nbr of Employees 130 500
Free-Float 58,9%
Chart BOUYGUES
Duration : Period :
Bouygues Technical Analysis Chart | EN | FR0000120503 | MarketScreener
Technical analysis trends BOUYGUES
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 37,74 €
Last Close Price 34,50 €
Spread / Highest target 30,4%
Spread / Average Target 9,38%
Spread / Lowest Target -10,1%
EPS Revisions
Managers and Directors
NameTitle
Martin Bouygues Chairman & Chief Executive Officer
Pascal Grangé Chief Financial Officer & Senior Vice President
Gilles Zancanaro Senior Vice President-Digital, Innovation & Risks
Colette Lewiner Independent Director
Michèle Vilain Director
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