France Telecom close to deal to exit Austria

Reuters

France Telecom hopes to finalize a deal to sell its 35% stake in Orange Austria to Hutchison 3G in the coming days or weeks, according to a person familiar with the matter.


The deal would value Orange Austria, jointly owned by France Telecom (Paris) and private equity firm Mid-Europa Partners, at around $1.3 billion, according to Austrian media reports.


"We hope to sign in the next few days or weeks," the source said.


The sale would be the second deal in an ongoing portfolio review at France Telecom, which is aimed at exiting low-growth mature markets and returning cash to shareholders.


France Telecom recently agreed to sell Orange Switzerland to private equity group Apax Partners for about $2 billion.


It has also said that it would like to sell a minority stake it holds in Sonaecom, a Portugal-based operator.


Hutchison 3G (Hong Kong, P.R.C.), a unit of conglomerate Hutchison Whampoa owned by Hong Kong billionaire Li Ka-shing, is already present in the Austrian market under the brand name '3'."


The deal would boost Hutchison from number four to number three in the Austrian market, behind T-Mobile and market leader A1.


Mid-Europa declined to comment. Hutchison could not immediately be reached for comment.


(Reporting by Leila Abboud and Simon Meads; Editing by David Cowell)

ArticleTools

Featured Reports

Content Delivery Networks (CDN) 2015
Content Delivery Networks (CDN) represent large distributed system of servers deployed in multiple data centers across the Internet. CDNs provide solutions for efficiently and effectively managing content of all types. Solutions include core services such as aggregation, management, and distribution of content as well as a variety of value-added functionality.

 

Cable Carrier Wi-Fi: MSO Take MNO Market Share
How does a cable provider gain a bigger piece of the telecom market pie chart? With a clever Wi-Fi strategy, cable providers are in a unique position to dominate the residential and business telecommunications markets. This is the portent of things to come in the very near future: an MSO as MNO play.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

Featured Events & Partners

The Telecom Exchange (TEX)
Wednesday, June 24, 2015

Cipriani Wall Street, New York City

Designed to navigate enterprise and carrier network operators through all carrier hotels and colocation houses available in the US and globally.

Visit event website...