Orange Switzerland's 2nd round bids due by 12 Dec - report

News Wireless Switzerland 10 NOV 2011
Orange Switzerland's 2nd round bids due by 12 Dec - report
The second round bids for France Telecom subsidiary Orange Switzerland are due 12 December, a person familiar with the matter told Dow Jones Newswires. Apax Partners, Providence Equity Partners and Liberty Global are among a shortlist of bidders expected to submit second-round bids. Other potential buyers included Egyptian billionaire Naguib Sawiris, who would likely bid through Egyptian telecommunications company Orascom Telecom Holding and buyout firms EQT, Carlyle Group and Bain Capital; but it is unclear which, if any, remain in the process. The sale is being run by Lazard and Perella Weinberg Partners. France Telecom hopes to get EUR 1.5-2 billion for the business, with a deal to be sealed before the end of this year.

Categories:

Mobile

Companies:

Salt Mobile,  France Telecom,  Liberty Global,  Orascom Telecom,  Perella Weinberg Partners

Countries:

Switzerland

Tags:

M&A buyouts & divestments

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