Orange-Deal: Additional Contribution Threatens

Businessn.a. ♦ Published: February 22, 2012; 14:57 ♦ (Vindobona)

France Télécom and Mid European Partners, the sellers of the Austrian mobile phone operator Orange, may need to pay an additional contribution.

Orange-Deal: Additional Contribution Threatens / Picture: ©

In January, the Chinese Hutchinson Group took over the third-largest mobile phone operator Orange. However, the closing of the acquisition process did not take place yet. The current owners of Orange, France Télécom and the investment fund Mid European Partners, may have to grant additional contributions to Orange.

The deadline is the end of March. For creditors, this…