Article Tools

Hutchison 3G: No Further Concessions

Published: September 25, 2012; 19:25 · (Vindobona)

The Austrian subsidiary of the Hong Kong-based telecommunication group is not ready to make further concessions to the EU-Commission. For the takeover target Orange, this may cause substantial problems.

Hutchison 3G: No Further Concessions / Picture: © Vindobona.org

Hutchison wants to take over its competitor Orange. Thus, the number of telecommunication suppliers in Austria would be three instead of four. The offered sale price amounts to € 1.3bn. Already in June, Hutchison 3G has submitted an application to the Commission.

However, the Commission of the EU has rejected Hutchison´s offers for the second time. The Commission still has a…

This article includes a total of 443 words.

or Log In

Fast News Search