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Hutchison 3G: No Further Concessions
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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 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…
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