In accordance with the agreements signed on 2 February 2012 and following the approval of the competent regulatory and anti-trust authorities, France Telecom-Orange and its partner Mid Europa Partners (“MEP”) have completed today the sale of their combined 100% stake of Orange Austria GmbH (“Orange Austria”) to Hutchison 3G Austria Holdings GmbH (“Hutchison”), a subsidiary of Hutchison Whampoa. France Telecom-Orange held a 35% stake in Orange Austria and MEP a 65% stake.
The sale of Orange Austria, based on an enterprise value of approximately €1.3 billion, provides France Telecom-Orange with cash proceeds of around €70 million for the sale of its equity stake.
Orange is one of the world’s leading telecommunications operators with sales of 43.5 billion euros in 2012 and has 166,000 employees worldwide at 30 September 2013, including 102,000 employees in France. Present in 32 countries, the Group has a total customer base of more than 232 million customers at 30 September 2013, including 175 million mobile customers and 15 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
For more information: www.orange.com, www.orange-business.com and on Twitter: @orange, @presseorange, @orangebusiness.
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited.