Bouygues Telecom has sold its telecoms services wholesaler Extenso for an undisclosed sum.
Extenso operates 200 stores under the Phoneo brand in France and, according to a statement by the companies, also sells services form different operators via…
Bouygues Telecom has sold its telecoms services wholesaler Extenso for an undisclosed sum.
Extenso operates 200 stores under the Phoneo brand in France and, according to a statement by the companies, also sells services form different operators via 2,700 points of sale.
In 2011 Extenso generated a turnover of €293m.
The buyer, Innov8, plans to diversify the business and to add new telecommunication products to the portfolio.
“The French telecoms market is in a state of perpetual flux, and this transaction brings Extenso Telecom the benefits of entrepreneurial structure with businesses that are an excellent fit with its current activities. Innov8 is thus a very good match for Extenso Telecom,” said Richard Viel, Deputy CEO of Bouygues Telecom.
