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03 February 2012
Hutchison 3G Austria (3GA) is to acquire France Telecom owned Orange Austria, in a deal worth approximately €1.3 billion.
The sale marks the French operator’s second divestment from the European market in recent months.
For the deal to take place, France Telecom has had to enter into a binding agreement with private equity firm Mid Europa Partners, which holds a 65% stake Orange Austria, valued at approximately €130 million. France Telecom owns the remaining 35%, and will receive €70 million from the sale. The remaining €1.1 million is debt.
A spokesman for France Telecom told Capacity that the Austrian sale comes as a result of a review of...
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Austria’s regulator, the Telekom-Control Commission (TKK), has delayed the country’s auction of the 800/900/1800MHz spectrum bands as a result of the proposed takeover of Orange Austria by Hutchison 3G Austria.
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