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.

With competition pushing phone bills lower in France, Drahi this year sought to take over rival Bouygues Telecom but was rebuffed by owner Bouygues SA.

Answer: subsidiary