Bouygues Telecom cuts price of higher-tier fibre packages.

Bouygues Telecom, France’s third-largest mobile operator, plans to cut over 15% of its workforce amidst failed sale talks with rivals!

The company aims to stay independent in a fiercely competitive market. This move disappointed investors, leading to a drop in Bouygues, Iliad, and Orange shares.

Bouygues Telecom intends to achieve annual cost savings of €300m by cutting 1,516 jobs and launching aggressive pricing for fixed-line and internet services.

However, challenges persist due to intense competition sparked by Free's entry in 2012. The government supports industry consolidation, favoring three operators over four. Despite its parent company's support, Bouygues Telecom faces financial strain and tough market conditions, prompting analysts to predict eventual consolidation.

While the company strives for independence, the odds are against its long-term viability as a standalone operator.

From Allnetfiber, Fiber Passive Components Manufacturer 2011.