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.
press releaseabout Orange
France Telecom-Orange is one of the world’s leading telecommunications operators with sales of 43.5 billion euros in 2012 and has 170,000 employees worldwide at 31 March 2013, including 104 000 employees in France. Present in 32 countries, the Group has a total customer base close to 230 million customers at 31 March 2013, including 172 million mobile customers and 15 million broadband internet (ADSL, fibre) customers worldwide. Orange is one of the main European operators for mobile and broadband internet services and, under the brand Orange Business Services, is one of the world leaders in providing telecommunication services to multinational companies.
With its industrial project, "conquests 2015", Orange is simultaneously addressing its employees, customers and shareholders, as well as the society in which the company operates, through a concrete set of action plans. These commitments are expressed through a new vision of human resources for employees; through the deployment of a network infrastructure upon which the Group will build its future growth; through the Group's ambition to offer a superior customer experience thanks in particular to improved quality of service; and through the acceleration of international development.
France Telecom (NYSE:FTE) is listed on NYSE Euronext Paris (compartment A) and on the New York Stock Exchange.
For more information (on the internet and on your mobile): www.orange.com, www.orange-business.com, www.orange-innovation.tv or to follow us on Twitter: @presseorange.
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited, Orange France or France Telecom.
