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Bouygues focus on standalone strategy after Orange deal talks end

Reuters - UK Focus

PARIS, April 1 (Reuters) - Construction-to-media conglomerate Bouygues (LSE: 0HAN.L - news) said on Friday its board had been unanimous in deciding to end talks with state-controlled rival Orange (LSE: 0OQV.L - news) over the takeover of its telecoms unit.

"In a market where the possibility of consolidation is now ruled out for the long term, Bouygues Telecom will continue its standalone strategy," the group said in a statement. (Reporting by Michel Rose; Editing by Alexander Smith)