Hutchison´s CEO: „Austria Benefits from Merger“

People ♦ Published: July 19, 2012; 17:05 ♦ (Vindobona)

Hutchison Austria still holds on the acquisition of the third largest telecommunication service supplier Orange.

Hutchison´s CEO: „Austria Benefits from Merger“ / Picture: ©

The European Commission checks the planned takeover of Orange by the Hong-Kong based Hutchison until the end of November. Orange´s discount brand „Yesss!“ should be sold to Telekom Austria. The Commission considers the deal between Orange, Hutchison and Telekom Austria as problematic. The Commission stressed to prevent that the merger brings a rise in costs for…