3 Austria to pay EUR 1.4 bln for Orange Austria - report

Friday 25 November 2011 | 09:42 CET | News
3 Austria is close to finalise an agreement to acquire Orange Austria for EUR 1.4 billion, while immediately selling frequency licences, base stations and discount brand Yess! to A1 Telekom Austria for EUR 300 million according to Austrian news portal futurezone.at citing sources close to the talks. 3 Ausitria's parent Hutchison Whampoa already approved a possible take-over in September, which is expected to be closed in December. The first bid made by 3 amounted to EUR 1.35 billion, which was EUR 50 million lower than Orange Austria's current owners France Telecom and Mid Europa Partners

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Categories: Mobile & Wireless
Companies: 3 Austria / France Telecom / Hutchison Whampoa / Orange Austria / RTR / Yesss!
Countries: Austria
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