Altice rejects Bouygues, Orange, Iliad group's offer to buy SFR, AFP reports

French telecom group Altice France told employees on Wednesday that it had "immediately rejected" an offer from rivals Bouygues, Orange and Free-Iliad group to buy its mobile unit SFR, news agency AFP reported.

The three groups said late on Tuesday that they had submitted a nonbinding offer to acquire a large part of Altice's activities in France for a total enterprise value of 17 billion euros ($19.77 billion). ($1 = 0.8598 euros)