Orange Takeover: Hutchison is Optimistic

People ♦ Published: March 9, 2012; 18:46 ♦ (Vindobona)

The Hong Kong-based telecommunication company Hutchison 3 is sure that the takeover of Orange will be approved by the competition authorities. The competitor T-Mobile is not convinced at all.

Orange Takeover: Hutchison is Optimistic / Picture: ©

Hutchison 3G, which operates the telecommunication supplier “3” in Austria, wants to take over the third-largest supplier in the Austrian telecommunication market. “3” ranks fourth at the moment. The sale price of Orange, which is owned by France Télécom (35%) and Mid European Partners (65%), totals € 1.3bn. Simultaneously, “3” sells “Yesss”, the discount subsidiary…