Hutchinson Acquired Orange

Businessn.a. ♦ Published: January 14, 2012; 15:25 ♦ (Vindobona)

The Chinese telecommunication operator takes over Frenche Orange. The acquisition price totals € 1.0bn.

Hutchinson Acquired Orange / Picture: ©

After months of negotiations, the fourth largest telecommunication service supplier in Austria, Hutchinson 3 takes over its competitor Orange.

Hong Kong-based Hutchinson and France Télécom, the holding company of the third largest operator in the Austrian telecommunication market, agreed on a sale price of € 1.4bn. However, the Chinese have to cede the discount brand…