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Hutchinson Takes Over Orange

Published: February 3, 2012; 10:30 · Updated: February 3; 13:23 · (Vindobona)

The Austrian subsidiary of the Hong Kong-based telecommunication group takes over Orange Austria, a member of France Télécom.

Hutchinson Takes Over Orange / Picture: © Orange

The deal is perfect: after months of negotiations, “3”, the smallest operator in the Austrian telecommunication market, acquires the third-ranked competitor Orange.

Shortly after midnight, the acquisition has been closed. “3”, the Austrian brand of the Hong Kong-based Hutchinson Group, expects savings of € 500m in the long run. It is not clear yet, whether employees…

This article includes a total of 340 words.

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