In the context of the input sentence, determine the relationship between 'Bouygues Telecom' and 'Bouygues'.
Options: industry, employer, owned by, business division

Our relations, well, the idea with EIT is that we will leave the banking brands, we will let it remain for a while to be replaced by Bouygues Telecom eventually, whereas the daughter brands, NRJ, Cdiscount and Auchan, we will look at this on a case-by-case basis, whether we should keep them in order to remain diversified or if we want to migrate towards Bouygues Telecom.
owned by