Despite Approved Orange Takeover: Deal is Uncertain

Businessn.a. ♦ Published: July 30, 2012; 17:32 ♦ (Vindobona)

Canning Fok, CEO of the Hong Kong-based telecommunication operator is surprised of the announcement oft he authorities to examine the deal between Orange, Hutchison and Telekom Austria thoroughly.

Despite Approved Orange Takeover: Deal is Uncertain / Picture: © Vindobona.org

Although the Hong Kong-based telecommunication company Hutchison is allowed to acquire the third-largest player in Austria, the success of the deal is not certain at all. Last week the Commisson of the European Union officially announced that the takeover of Orange by the smaller telecommunication operator in Austria is approved.

The takeover of Orange´s discount brand…

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