EU Against Orange-Takeover

CompaniesTelecoms ♦ Published: September 13, 2012; 19:06 ♦ (Vindobona)

The Commission of the European Union does not allow Hutchison Austria to take over its competitor Orange for the time being.

EU Against Orange-Takeover / Picture: © Orange

For the Hong Kong based Hutchison Group, the takeover of Orange is on the brink. The Commission rejected the offers made by Hutchison. Now, the telecommunication group has a few weeks to persuade the Commission. The deadline expires at the end of November.

„The market is dominated by two operators. Only a strong third operator is able to increase the competition in the long…