(Adds details, share price ) PARIS, Oct 14 (Reuters) – Bouygues Telecom, Free-iliad Group and Orange said on Tuesday they had submitted a non-binding offer to acquire a large part of Altice's activities in France for a total enterprise value of 17 billion euros. The non-binding bid comes amid a push for consolidation in the European telecoms sector . The bid covers most of telecom operator SFR's assets, but excludes stakes in Intelcia, UltraEdge, XP Fibre and Altice Technical Services, as well as the Altice group's activities in French overseas departments and regions, the companies said in a statement. The split of price and value is expected to be around 43% for Bouygues Telecom, 30% for Free-iliad Group and 27% for Orange, the companies said. Altice France said in August its debt restructuring had been approved by Paris' commercial court, which was expected to pave the way for a sale of its telecoms unit SFR. The Financial Times reported in July that the three French telecom operators were exploring a deal to carve out operator SFR. Bouygues' U.S.-listed American Depositary Receipts (ADRs) were trading up 2.6% at $9.03. (Reporting by Makini Brice, Gianluca Lo Nostro and Dominique Patton; additional reporting by Chuck Mikolajczak; Editing by Chris Reese)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)