The article discusses the intricate and secretive negotiations leading to the acquisition of SFR by a consortium of Orange, Free, and Bouygues Telecom for €20.35 billion, highlighting the dramatic twists, codename strategies, and the pivotal role of key leaders and mediators, culminating in the historic deal announced on April 18, 2026. #TelecomMerger #FinancialNews #BusinessNegotiations #FR #IL