A pedestrian walks by shop windows of Free telecom, SFR telecom and Orange Telecom in Beziers, Southern France, on June 24, 2026. Three of France's mobile operators (Bouygues Telecom, Free and Orange) have agreed a joint bid worth 20.4 billion euros ($23.5 billion) for rival SFR, owned by indebted French-Luxembourg telco group Altice. (Photo by Gabriel BOUYS / AFP via Getty Images)