Analyze the relationship between 'Bouygues Telecom' and 'Bouygues' within the context of the input sentence.
Options: manufacturer, stock exchange, creator, owned by

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.
owned by