France Télécom and Mid Europa Partners acquire One GmbH, the third mobile phone operator in Austria
Paris, June 20, 2007
Introduction of the Orange brand to the Austrian market
The consortium formed by France Telecom and Mid Europa Partners announced
that it has been selected to acquire a 100% stake in One GmbH. The final
acquisition document will be signed by the end of June 2007 at the latest.
Moreover, the completion of the transaction is subject to the authorisation of
the regulatory authorities which is likely to be obtained in the coming
weeks.
This partnership constitutes a new approach of cooperation between an
operator and a private equity fund which allows to combine the operational
expertise of a leading telecom operator and the recognized know-how of a private
equity fund strongly active in this sector and this region.
This acquisition allows France Telecom to reinforce its position in a dynamic western european market and to introduce in Austria the Orange brand, the flagship of the group which regroups its Internet, television and mobile activities. The customers of One will thus be able to fully benefit from the expertise of Orange in developing a new generation of mobile services.
contacts
Press: + 33 1 44 44 93 93
Béatrice Mandine beatrice.mandine@orange-ftgroup.com
Bertrand Deronchaine bertrand.deronchaine@orange-ftgroup.com
Béatrice Mandine beatrice.mandine@orange-ftgroup.com
Bertrand Deronchaine bertrand.deronchaine@orange-ftgroup.com
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