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French telecom stocks benefited from promising news on third generation mobile licences.
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French telecoms operator Iliad also won a lot, for the first time in its history.
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The leading French telecoms operator holds an investment-grade rating with all three major credit rating companies.
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French telecoms equipment maker Alcatel-Lucent reported bigger-than-expected first quarter losses as slowing economic growth hurt demand.
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Altice grew rapidly in recent years via a series of debt-financed acquisitions including French telecoms group SFR.
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Reuters reported that French telecom company Altice had been in talks about buying the company as well.
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Altice grew rapidly in recent years via a series of debt-fueled acquisitions, including of French telecoms group SFR.
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French telecom group Orange ORAN.PA has said it does not plan to make a rival bid for MasMovil.
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French telecoms shares also surged on the prospect of an imminent deal between Orange and rival Bouygues .
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On June 4, French telecom giant Orange ORAN.PA said it would not file a counter bid for MasMovil.
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Bouygues, a French telecom and construction company, was looking to help build the tram-train in consortium with other players.
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But Iliad is roughly to French telecoms what Ryanair has been to European air travel, or Aldi to retail.
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A previous bid by Orange to buy Bouygues Telecom and forge a dominant French telecoms operator collapsed in 2016.
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It will be one year next month since a consortium led by French telecoms tycoon Xavier Niel took over Eir.
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Several analysts said Altice's European arm as a whole could eventually become an acquisition target for rival French telecoms companies.
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The French telecoms company Orange is on "serious alert" after reports of a fresh spate of work-related suicides.
