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Wireless

3 Austria completes Orange Austria acquisition

Thursday 3 January 2013 | 19:25 CET | News
Hutchison 3G Austria (3 Austria) has completed the acquisition of Orange Austria from its owners Mid Europa Partners (65%) and France Telecom (35%). The transaction has a value of EUR 1.3 billion and took almost one year to be completed as the European Commission, Austrian cartel office BWB and Austrian telecom control commission TKK had to approve several parts of the acquisition. After completion, 3 Austria is now the third largest mobile operator in Austria behind A1 Telekom Austria and T-Mobile Austria. France Telecom reports that it gets cash proceeds of around EUR 370 million for the

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Categories: Mobile & Wireless
Companies: 3 Austria / A1 Telekom Austria / European Commission / France Telecom / H3G / Orange Austria / TKK / T-Mobile Austria / UPC Austria / Yesss!
Countries: Austria
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