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Bouygues's telecom unit sees capital hike by year-end
November 14, 2012 / 7:43 PM / in 5 years

Bouygues's telecom unit sees capital hike by year-end

PARIS, Nov 14 (Reuters) - Bouygues’ telecom unit expects to finalise a capital increase by the end of the year to offset the costs of securing a fourth-generation mobile licence last year, the unit’s chief financial officer said on Wednesday.

“We think a share capital increase of Bouygues Telecom is necessary,” Eric Haentjens told analysts. “This will be done in the fourth quarter.”

Reporting by Elena Berton

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