Good Prospects for Orange-Takeover

CompaniesMedia ♦ Published: September 11, 2012; 20:52 ♦ (Vindobona)

The Austrian subsidiary of Hong Kong-based Hutchison will be allowed to acquire its competitor Orange, insiders say. The requirements are already fulfilled.

Good Prospects for Orange-Takeover / Picture: ©

The Austrian subsidiary of the Hong Kong based Hutchison Group, which operates the smallest telecommunication service supplier „3“ in Austria, wants to take over „Orange“. At the moment, „Orange“ is number three on Austria´s telecommunication market. Already at the beginning of October, the EU-Commission may officially allow Hutchison Austria to take over…