Unlike Hutchison, Orange may only attract French regulatory scrutiny for its proposed acquisition of the country’s third MNO, Bouygues Telecom. Since selling its 50% stake in EE to BT, Orange now generates a sufficiently high percentage of its sales in France to qualify for national, not EC, probes. CEO Stephane Richard, who has until March 31 to finalize terms, said last week that an agreement with the other French operators – Altice, owner of SFR, and Iliad, owner of Free Mobile – was close. This would see Bouygues’ assets being divided up in a way that would satisfy the competitors, and the regulators, that Orange would not become too dominant, and that consumers would not suffer from the reversion to…