you have got a lot of competition -- you have got iliad. you have a lot of competition in france. companies go thinking of cutting maintain probability. they have send a letter to the industry commissioner. they sent a letter saying they are worried they might lose their jobs. he said, i think we need to have three operators in france. in order to have three one needs to disappear. that is why we have this speculation a are going to get together. be problems if that happens. orange is the biggest operator in france. if it merges they will have half of the mobile users in france, and that could cause antitrust issues. probably takeill on the authorities on this. before you start rejoicing, there are going to be certain legal implications. >> talk to me about virgin mobile as well. they are in exclusive talks there. >> i was talking how there are four mobile operators in france. mobile is a virtual mobile operator, so it doesn't own the network. it leases part of the network. they are in exclusive talks to buy virgin mobile for about 325 million euros. it's a sideshow. >> i am alway

time when state-level organizations of governments are extremely weak to the point where you read the iliadnd the whole point of the thing is the leader of the greek. he can't get anybody to do what he says. the classic failed state who gets into this big tiff over a girl and they have a big fight. he goes and sulks in the greek army suffers these disastrous defeats. i guess i would say this. in some ways it's a good example of the kind of endemic violence to get from nonstate societies. odysseus has been off for 20 years and he comes back home. he gets home and discovers all of these guys are actors wife. his wife is virtuous but the whole thing is getting way out of hand. the obvious solution is to kill everyone. this is what he does. he kills everyone but then people say that it's say that it's great as far as it goes however all of these guys have families and these are important powerful families that will come back and kill everyone on our side now. he resolves the problem by having the goddess of phenia miraculously appear on the scene and sprinkle pixie dust and everyone says says o

r and thenllowed by sf g and then there is iliad. they're fighting so much of the prices are going down. bouygues sent a letter to the prime minister. gues is worried that bouy going to start cutting jobs to cut costs. what is happening now is, it appears that these two companie, orange, the biggest and bou ygues are in talks. if they do get together, they will have half the market. that could cause some problems with the european commission competition unit. mark.you have a story, >> tell us about this other bit going on. what is all that about? >> the biggest shareholder of -- it is a virtual wireless operator. that means instead of owning the network, it leases the network which is slightly different. valuing virgin mobile, around , compared withos uygues deal is pretty small. joining the $10 billion club. there are said to be seeking funding that could triple its valuation. we are joined now by our technology reporter, lulu chen. this will add fuel to the view that there is a bit of a tech bubble here. >> absolutely. $10 billion