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Austrian Competition Authority May Prevent Orange-Takeover

Published: December 15, 2012; 20:54 · (Vindobona)

This week, the EU-Commission has approved the acquisition of the third-biggest telecommunication company by Hutchison Austria. Austria´s BWB (Federal Competition Authority) is seen as risk factor.

In February, Hutchison Austria and Orange announced to plan a merger. Orange Austria is owned by Télécom France (35%) and Mid European Partners (65%). In total, Orange will be sold for € 1.4bn to Hutchison Austria. Thus, Hutchison becomes number three on Austria´s telecommunication market. Moreover, Orange´s discount brand “Yesss!” will be acquired by the market leader Telekom…

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Austrian Competition Authority May Prevent Orange-Takeover

This week, the EU-Commission has approved the acquisition of the third-biggest telecommunication company by Hutchison Austria. Austria´s BWB (Federal Competition Authority) is seen as risk factor.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.