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New Rumors about Takeover of Phone Service Provider Orange

Published: November 25, 2011; 19:29 · (Vindobona)

“3” has reportedly offered € 1.4bn for an acquisition of its competitor. Assets worth € 300m might be sold to market leader A1.

New Rumors about Takeover of Phone Service Provider Orange / Picture: © Flickr

Rumors have been out for weeks, now things are becoming more concrete. “3”, the Austrian subsidiary of Hutchison Whampoa Ltd, is interested in an acquisition of its competitor Orange. According to media reports, “3”has already made an offer to take over Orange for € 1.4bn and has furthermore agreed to sell mobile communication frequencies, base stations and its low-cost brand…

This article includes a total of 166 words.

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