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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 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…
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