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Orange Takeover Threatens to Fail
The takeover of Austria´s third-largest telecommunication service supplier Orange by the Hong Kong-based Hutchison Group may be postponed. Orange´s creditors are increasingly nervous.
Orange Takeover Threatens to Fail / Picture: © Vindobona.org
Orange, which is a subsidiary of Télécom France (35%) and Mid Europe Partners (65%), is currently unable to fulfill substantial loan requirements. After Orange was acquired in 2007, the telecommunication company has to reach certain results every financial quarter. So, banks should be warned of a potential payment default in time.
The EBITDA-figure of Orange is significantly…
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