BOUYGUES TONES DOWN TELECOMS AMBITIONS.
The Bouygues group's decision to scale back its plans for the telecommunications industry was greeted by a 44% rise in the value of its shares on the French stock exchange, while analysts perceived this move as for the benefit of new shareholder Vincent Bollore. Unveiling the group's accounts in early April, Martin Bouygues announced that the company would refocus on fixed telephony for the general public, leaving its partner Telecom Italia to dominate the business market. This change of course will allow Bouygues to...
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