EU Commission Approves Orange Takeover

Politics ♦ Published: July 23, 2012; 20:06 ♦ (Vindobona)

The Hong Kong-based telecommunication company Hutchison is allowed to acquire the third-largest player in Austria.

EU Commission Approves Orange Takeover / Picture: ©

Today, the Commisson of the European Union officially announced that the takeover of Orange by the smalles telecommunication operator in Austria is approved. Because of preventing a monopoly, Hutchison is obliged to allow other telecommunication copanies in austria to use Orange´s infrastructure.

What is more, the takeover of Orange´s discount brand „Yesss!“ by the market…