March could be 'make or break' for French mobile operator Orange, as its deputy CEO hopes a decision over a Bouygues Telecom merger will be made clear within a few weeks' time.
"I think by March we need to know if we do it or if we don't. So March is the right time to decide 'go or no go'," Ramon Fernandez, Orange's deputy CEO, said about the potential deal with Bouygues to CNBC, on Wednesday.
In January, Orange confirmed it had revived talks with Bouygues, over a potential merger with the French firm's telecoms business. If successful, this could create a telecom giant that would control over half of France's mobile and fixed-line markets, according to Reuters.
The transaction to purchase Bouygues Telecom could amount to some 10 billion euros ($11 billion) in cash and shares. The deal itself would likely make Bouygues the second-biggest shareholder in Orange after the French government.