Lex's Robert Armstrong and Nikki Tait discuss whether investors should welcome Bouygues's €14.5bn bid for Vivendi's SFR, which could pave the way for consolidation in what is arguably Europe's most competitive and least attractive telecoms market.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k<br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
