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With
one day remaining before the deadline set by both companies for
agreement on the 10 billion euro ($11.2 billion)sale of Bouygues
Telecom to Orange, key aspects of the deal remain under
discussion and may not be concluded by Wednesday, one of the
sources said.
Unresolved questions include financial terms and the subsequent
sale of Bouygues assets to rivals Iliad <ILD.PA> and SFR <NUME.PA>
- part of a complex transaction that would reduce the number of
French telecoms operators from four to three. Bouygues would
also become the second-biggest shareholder in Orange after the
French state.
"We've worked a lot this past week-end but there remains certain
elements to discuss," one source said.
Orange and Bouygues both declined to comment.
(Reporting by Mathieu Rosemain and Gwenaelle Barzic; Editing by
Laurence Frost)
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