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We told you consolidation is coming to Austria, and voila – the local branch of Hutchison Three has finally (started) acquiring Orange Austria, having agreed to pay 1.3 billion EUR to France Telecom which owns 35% stake and private equity investors Mid Europa Partners (65%).
As part of the deal, Hutchison will sell frequencies, base station sites, the mobile phone operator Yesss! Telekommunikation along with certain intellectual property rights to Telekom Austria Group, immediately after the acquisition is completed.
As usual, the transaction is a subject to the approval by regulatory and anti-trust authorities, with completion expected to take place in mid 2012.
Orange Austria had estimated 2011 revenues of about 500 million EUR and a total customer base of 2.3 million at the end of last year. The company employs almost 800 people…
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
