Utilize the input text as a context reference, choose the right relationship between Bouygues and Bouygues Telecom from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Secondly, structurally and the way Bouygues Telecom operates, which is something I explained to you regarding 2018 and 2019, Bouygues Telecom has a strategy that we roll out during the summer in the quiet periods.

Answer: subsidiary