Hutchison Whampoa Dials Up $1.7B Austrian Mobile Co. Deal

Law360, New York (February 3, 2012, 1:12 PM EST) -- A unit of Hutchison Whampoa Ltd. on Friday agreed to purchase cellphone service provider Orange Austria Telecommunication GmbH from France Telecom SA and private equity firm Mid Europa Partners for about €1.3 billion ($1.71 billion), the Hong Kong-based conglomerate announced Friday.

France Telecom currently holds a 35 percent stake in Orange Austria and Mid Europa controls 65 percent of the mobile operator.

Orange Austria is that country's third-largest mobile phone operator, with 2.8 million customers making up about 22 percent of the overall market, Hutchison Whampoa...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.