0
Wireless

3 Austria preparing takeover bid for Orange Austria - report

Thursday 20 October 2011 | 16:05 CET | News
3 Austria is understood to be preparing a takeover bid for larger rival Orange Austria, reports Austrian news portal 'news.at'. Industry experts value Orange Austria at between EUR 750 million and EUR 1.1 billion. Investment bank Merrill Lynch is believed to be currently conducting due diligence with a binding offer set to be made in around eight weeks, according to information obtained by 'news.at'. At this point, EU and Austrian regulators will have to be notified, with experts expecting any regulatory approval process to take at least six months. The takeover could have wider implications

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: 3 Austria / France Telecom / Orange Austria
Countries: Austria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Austrian Supreme Court declares Orange terms inadmissible

Published 03 Mar 2017 10:57 CET | Austria
The Austrian Supreme Court has declared eight of twelve clauses of the general terms and conditions (GTC) of Orange Austria (now ...

Hutchison CFO says mobile consolidation more likely

Published 23 Nov 2011 11:38 CET | Austria
3 Austria is in negotiations to take over Orange Austria, Der Standard. While the companies declined to discuss the subject, the ...

Orange Austria offers 'All In' tariffs at half price

Published 11 Nov 2011 13:14 CET | Austria
Orange Austria has announced a Christmas promotion offering the 'All In' tariffs with half-price subscription as SIM-only plans ...

T-Mobile Austria launches special Christmas tariff

Published 04 Nov 2011 10:31 CET | Austria
T-Mobile Austria has unveiled a special smartphone tariff for Christmas called All Inclusive Christmas. The tariff includes 1,000 ...